(Answered) Bingham corporation uses the weighted-average method in its

Accounting

Bingham Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below.

Work in process, beginning:

Units in beginning work-in-process inventory	400
Materials costs	$6,900
Conversion costs	$2,500
Percentage complete for materials	80%
Percentage complete for conversion	15%
Units started into production during the month	6,000
Units transferred to the next department during the month	5,200
Materials costs added during the month	$112,500
Conversion costs added during the month	$210,300

Ending work in process:

Units in ending work-in-process inventory	1,200
Percentage complete for materials	60%
Percentage complete for conversion	35%

Required: Calculate the equivalent units for conversion (using the weighted-average method) for the month in the first processing department.

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