The Illinois Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below.
Units Materials Conversion
Work in process, June 1 150,000 75% 55%
Work in process, Jun 30 145,000 85% 75%
The department started 475,000 units into production during the month and transferred 480,000 completed units to the next department.
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.