In Huang Group, materials are entered at the beginning of each process. Work in process inventories, with
Question:
In Huang Group, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows.
Instructions
a. Compute the physical units for January and May.
b. Compute the equivalent units of production for (1) materials and (2) conversion costs for each month.
Transcribed Image Text:
Ending Work in Process Beginning Work in Process Units Conversion Conversion Transferred Out Month Units Cost% Units Cost% 2,000 January March -0- 11,000 60 -0- 12,000 3,000 30 May July 7,000 14,000 80 -0- 10,000 1,500 40
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a January May Units to be accounted for Beginning work in process Started into production Total ...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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