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 ending work in process inventory?

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 ending work in process inventory?

Quizplus · Accepted Answer

The weighted-average method calculates the cost of ending work in process inventory by averaging the costs of beginning inventory and costs added during the period. The correct calculation leads to $120,726.

Forsyth Company Produces Calendars in a One-Process Department