Equivalent Units of Production - Weighted Average Method

2. (TCO F) The Colorado Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given 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 into production during the month and transferred 340,000 completed units to the next department.

Required: Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.