What is the present value of $2,825 per year, at a discount rate of 7 percent, if the first payment is received 9 years from now and the last payment is received 22 years from now?

Aproduction department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage of production and 5,000 units in ending work in process inventory. the units in ending work in process inventory were 50% complete with respect to both direct materials and conversion costs. calculate the equivalent units of production for the month, assuming the company uses the weighted average method.