Campman Inc. 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. 
Required:
Using the weighted-average method, determine the equivalent units of production for materials and conversion costs.
Definitions:
Premium on Bonds Payable
The premium on bonds payable is the amount by which a bond's selling price exceeds its face value, reflecting additional value due to lower-than-market interest rates.
Redeems
The act of exchanging something, such as a coupon or voucher, for goods, services, or a monetary refund.
Unamortized Premium
The portion of the bond premium that has not yet been amortized or gradually written off over the lifetime of the bond.
Liabilities Section
Part of a balance sheet that reports obligations the company owes to outside parties, including debts, loans, and other financial obligations.
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