Carver 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:
Selling Division
A segment of a company specifically focused on sales and distribution of products or services.
Transfer Price
The price at which divisions of a company transact with each other, used for the transfer of goods and services within an organization.
Market Price
The current price at which an asset or service can be bought or sold in the marketplace, determined by the forces of supply and demand.
Marginal Cost
The financial implication of producing an extra unit of a product or service.
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