Highlite Corporation Uses the Weighted-Average Method in Its Process Costing

Highlite Corporation uses the weighted-average method in its process costing.The following data pertain to its Formulation Department for November.
$$\begin{array} { | l | c | } \hline \text { Units in process, November 1: materials } 85 \% & 700 \\\text { complete, conversion } 75 \% \text { complete } & \\\hline \text { Units started into production during November } & 5,500 \\\hline \begin{array} { l } \text { Units completed and transterred to the next } \\\text { department }\end{array} & 4,700 \\\hline \begin{array} { l } \text { Units in process, November } 30 \text { : materials } 70 \% \\\text { complete, conversion } 25 \% \text { complete }\end{array} & 1,500 \\\hline\end{array}$$
Required:
Determine the equivalent units of production for the Formulation Department for November using the weighted-average method.

Correct Answer:

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Weighted-average method:
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