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 is the total cost of the units transferred to finished goods?

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 is the total cost of the units transferred to finished goods?

Quizplus · Accepted Answer

The total cost of the units transferred to finished goods is $682,000. This is calculated by multiplying the number of units transferred (10,000) by the weighted-average cost per unit ($68.20).

Forsyth Company Produces Calendars in a One-Process Department