The Fox Company Uses the Weighted Average Method

question 103

Multiple Choice

The Fox Company uses the weighted average method.The beginning work in process consists of 20,000 units (100% completed as to materials and 50% complete as to conversion costs) .The number of units completed was 80,000.The ending work in process consists of 10,000 units (100% complete as to materials and 20% complete as to conversion costs) .Calculate the equivalent units of production for conversion costs.

• A) 110,000
• B) 82,000
• C) 80,000
• D) 90,000

---

Definitions:

Goods and Services

The output of economic activities, where goods are tangible products and services are intangible activities provided to consumers.

GDP Accounts

GDP accounts provide a comprehensive overview of a country's economic activity by measuring the total market value of all goods and services produced in a specific period.

Production

The process of creating goods or services by combining various inputs like labor, materials, and technology.

Income

Money received, especially on a regular basis, for work or through investments.