Calculation of physical units and equivalent units for materials and conversion costs given work-in-process data at beginning, processing and ending.
In Ramirez company, materials are entered at the beginning of each process. Work in process inventoried, with the precentage of work done on conversion costs, and production data for its Stenrilizing Department in selected months during 2008 are as follows.
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Beginning Work in Process
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Ending Work in Process
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Month
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Units
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Conversion Cost%
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Units Transferred Out
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Units
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Conversion Cost%
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January
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-0-
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---
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7,200
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2,700
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60
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March
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-0-
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---
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13,300
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3,100
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30
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May
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-0-
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---
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17,000
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5,300
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80
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July
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-0-
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---
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11,000
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1,900
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40
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Compute the physical units for January and May. (If answer is zero, please enter 0, do not leave any fields blank)
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January
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May
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Units to be accounted for Beginning Work in Process
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Started in production
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Total units
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Units accounted for Transferred Out
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Ending Work in Process
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Total units
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Compute the equivalent units of product for (1) materials and (2) conversion cost for each month.
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Materials
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Conversion costs
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January
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March
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May
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July
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