Question: Highlite Corporation uses the weighted-average method in its process costing. The following data pertain to its Formulation Department for November. Units in process, November 1:

Highlite Corporation uses the weighted-average method in its process costing. The following data pertain to its Formulation Department for November.

Units in process, November 1: materials 85% complete, conversion 75% complete 700
Units started into production during November 5,500
Units completed and transferred to the next department 4,700
Units in process, November 30: materials 70% complete, conversion 25% complete 1,500

Required:

Determine the equivalent units of production for materials and conversion costs for the Formulation Department for November using the weighted-average method.

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