Fact Pattern:
Levittown Company employs a process cost system for its manufacturing operations. All direct materials are added at the beginning of the process and conversion costs are added proportionately. Levittown’s production quantity schedule for November is reproduced in thenext column.
Work-in-process November 1
(60% complete as to conversion costs)1000
Units started during November5000
Total units to account for6,000
Units completed and transferred out from beginning inventory1000
Units started and completed during November3000
Work-in-process on November 30
(20% complete as to conversion costs)2000
Total units accounted for6000
Using the weighted-average method, Levittown’s equivalent units for direct materials for November are