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Units Direct materials Percent Complete Conversion Percent Complete Units completed and transferred out 120,000 100% 100% Ending work in process inventory 40,000 20% 60% Determine the equivalent units of production for the Forming department for direct materials and conversion costs assuming the weighted average method.

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The equivalent units of production for the Forming department for direct materials and conversion costs assuming the weighted average method is equal to 144000 (conversion) & 128000 direct material.

DESCRIPTION                                    DIRECT MATERIAL     CONVERSION

Transfered out unit (100% complete)      120000                      120000

ENDING INVENTORY

 Material = 40000 * 20%                              8000                     24000

concersion - 40000 * 60%

EQUIVALENT UNITS                                    128000                   144000

Conversion percentage is the method of the percentage into whole number i.e conversion cost.

Average method referred to as the weighted average fee technique, the common-cost approach is an accounting formula used whilst calculating inventory price. This figure is reached by way of dividing the entire fee of products by means of the total variety of products over a particular accounting cycle.

Learn more about average method here:-https://brainly.com/question/6504879

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