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Homework answers / question archive / Carnival Furniture had 60,000 foam cushions in process at May 1 (70% converted) and 40,000 cushions in process at May 31 (50% converted)
Carnival Furniture had 60,000 foam cushions in process at May 1 (70% converted) and 40,000 cushions in process at May 31 (50% converted). All direct materials are added at the beginning of the production process. During the month, 140,000 cushions were transferred to finished goods.
What is the Carnival Furniture equivalent units for conversion costs for May using the weighted average method?
Computation of the Carnival Furniture equivalent units for conversion costs:-
Equivalent units = Ending inventory + Units transferred to finished goods
= (40,000 * 50%) + 140,000
= 20,000 + 140,000
= 160,000 cushions
