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"Carver Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first...

"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.


Work in process, beginning: Units in process................................................700

Percent complete with respect to materials .......50%

Percent complete with respect to conversion.....40%

Units started into production during the month ..........................................23,000

Work in process, ending: Units in process................................................200

Percent complete with respect to materials .......80%

Percent complete with respect to conversion.....40%


Required: Using the wieghted-average method, what are the equivalent units of production for materials and for converison costs?"


I'm struggling with the entire concept of "weighted-average method" i understand what the rest of the question is asking but I don't know how to use that method to solve the problem.

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