Forsyth Company produces calendars in a one-process department. Materials are introduced at the beginning of the process. Conversion is applied uniformly throughout the process. Data for the current period is as follows:

-Assuming Forsyth uses the weighted-average method, what were the equivalent units of production for conversion costs?

Question

Forsyth Company produces calendars in a one-process department. Materials are introduced at the beginning of the process. Conversion is applied uniformly throughout the process. Data for the current period is as follows:
 
-Assuming Forsyth uses the weighted-average method, what were the equivalent units of production for conversion costs?

Quizplus · Accepted Answer

The equivalent units of production for conversion costs under the weighted-average method are calculated by adding the units completed and transferred out to the equivalent units of work in process, based on the percentage completion of those units in process. The specific numbers needed to perform this calculation are not provided in the question, but the correct answer from the given options is 141,100. This suggests that, based on the data provided in the original scenario (not included in the question), when calculating the equivalent units for conversion costs, the sum of completed and transferred out units plus the equivalent units for the work in process (adjusted by their percentage completion for conversion costs) equals 141,100.

Forsyth Company Produces Calendars in a One-Process Department