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

question 139

Essay

Highlite Corporation uses the weighted-average method in its process costing.The following data pertain to its Formulation Department for November.
$$\begin{array} { | l | c | } \hline \text { Units in process, November 1: materials } 85 \% & 700 \\\text { complete, conversion } 75 \% \text { complete } & \\\hline \text { Units started into production during November } & 5,500 \\\hline \begin{array} { l } \text { Units completed and transterred to the next } \\\text { department }\end{array} & 4,700 \\\hline \begin{array} { l } \text { Units in process, November } 30 \text { : materials } 70 \% \\\text { complete, conversion } 25 \% \text { complete }\end{array} & 1,500 \\\hline\end{array}$$
Required:
Determine the equivalent units of production for the Formulation Department for November using the weighted-average method.

---

Definitions:

Right Tool

An idiom emphasizing the importance of choosing the most appropriate equipment, software, or methodology for a particular task.

Copyright

A legal right granted to the creator of original works, giving them exclusive rights to use, distribute, and authorize the use of their work.

Citation

A reference to a source of information, usually formatted according to a specific style guide.

Great White Sharks

A species of large shark known for its size, strength, and is often featured in media and literature as an apex predator of the oceans.