Question: DATA for the pounding department: Beginning work-in-process Degree of Completion of Beginning Work in process Started During March Completed and transferred out during March
DATA for the pounding department: Beginning work-in-process Degree of Completion of Beginning Work in process Started During March Completed and transferred out during March Ending Work In process Inventory Degree of Completed of ending work in process Total costs Added during March Physical Direct Conversion Total Units Materials Costs Costs 2,000 units $3,920 $3,850 $7,770 100% 80% 12,000 units 10,000 units ???? units 100% 45% $20,160 $5,000 $25,160 You may find it helpful to compute the following units and percentage so you can reference this information as data to complete my production reports. You are more than welcome to set up your own Data information on this DATA worksheet to reference on your production reports. I set this up when I developed the 2 production reports, so I know you need this information, too. Calculate the Units started and completed and the ending work-in-process for the pounding department. Determine the percentage of materials and conversion costs used(added) in the current period (March) for the pounding department's beginning, units started and completed, and ending work-in-process. Units started and completed Ending Work in process Units Units Beginning work in process Units started and completed Ending work-in-process Materials Conversion costs
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