Manning Corporation Uses the Weighted-Average Method in Its Process Costing

question 97

Essay

Manning Corporation uses the weighted-average method in its process costing. The following data pertain to its Processing Department for September.
$\begin{array}{r}\text { Percent Complete}\\\begin{array}{lrrr}&\text { Units}&\text { Materials}&\text { Conversion}\\\text { Work-in-process, September 1 } & 700 & 65 \% & 45 \% \\\text { Units started into production during September } & 8,300& &\\\text { Units completed during September and } & & \\\text { transferred to the next department } & 7,300 & & \\\text { Work-in-process, September } 30 & 1,700 & 90 \% & 40 \% \end{array}\end{array}$

Required:
Compute the equivalent units of production for both materials and conversion costs for the Processing Department for September using the weighted-average method.

---

Definitions:

Name-Brand Goods

Products that are manufactured and marketed under a registered trademark or brand name, recognized by consumers for their quality and advertising.

Luxury RV

A high-end recreational vehicle that offers premium amenities, sophisticated design, and superior comfort, targeting affluent travelers.

Complementary Products

Products whose demand curves are positively related, such that they rise or fall together; a percentage increase in demand for one results in a percentage increase in demand for the other.

Midwestern

Pertaining to the Midwestern region of the United States, often characterized by its geographical location, culture, or particular attributes of the area.