The Colorado Company manufactures a product which goes via three processing departments. Information relating to activity in the first department throughout June is shown below.
Percentage Completed
Units Materials Conversion
Work in process, June 1 80,000 65% 45%
Work in process, Jun 30 65,000 75% 65%
The department started 325,000 units to production throughout the month and transferred 340,000 completed units to the next department.
Required:
Calculate the equivalent units of production for the first department for June, supposing that the company utilizes the weighted-average method of accounting for units and costs.