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

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Essay

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\begin{array}{|l|r|}\hline \text { Units in process, November } 1 \text { : materials } 85 \% \text { complete, conversion } 75 \% \\\text { complete } & 700 \\\hline \text { Units started into production during November } & 5,500 \\\hline \text { Units completed and transferred to the next department } & 4,700 \\\hline \begin{array}{l}\text { Units in process, November } 30: \text { materials } 70 \% \text { complete, conversion } 25 \% \\\text { complete }\end{array} & 1,500 \\\hline\end{array}
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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