Two equivalent unit figures must be computed—one for materials and one for con- version. These computations are shown in Exhibit 4–5 . Note that the computations in Exhibit 4–5 ignore the fact that the units in the begin- ning work in process inventory were partially complete. For example, the 200 units in beginning inventory were already 30% complete with respect to conversion costs. Never- theless, the weighted-average method is concerned only with the 4,900 equivalent units that are in ending inventories and in units transferred to the next department; it is not concerned with the fact that the beginning.
