Question 3: Azad Plastic Factory uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Costs in the beginning inventory: Materials cost ......... $182 Conversion cost $ 3,429 Units started into production during the month ... 10,000 Units completed and transferred out ...... 9,700 Costs added to production during the month: Materials cost $ 27,986 Conversion cost $ 373,815 Work in process, ending: Units in process 400 Stage of completion with respect to materials ...... Stage of completion with respect to conversion.......... 70% Determine equivalent units of product and cost per equivalent units for materials and conversion. Answer to Question 3: 90%