Question: Data table 2 K A Missell's Hot Sauce Packaging Department Month Ended July 31 B Step 1: Flow of Production Flow of Physical Units C

Data table 2 K A Missell's Hot Sauce Packaging Department Month Ended July 31 B Step 1: Flow of Production Flow of Physical Units C D Step 2: Equivalent Units E Direct Transferred-in Materials Conversion Costs 3 Units to account for: 4 Beginning work in process, July 1. 5 Plus: Transferred in during July 6 Total physical units to account for 28,000 234,000 (a) 7 Units accounted for: 8 Completed and transferred out during July (b) (d) (g) () 9 Plus: Ending work in process, July 31 33,000 (e) (h) (k) 10 Total physical units accounted for (c) 11 Total Equivalent Units (1) (0) (1) Print Done The units in ending work in process inventory were 70% complete with respect to direct materials but only 50% complete with respect to conversion. Requirement Summarize the flow of physical units and compute output in terms of equivalent units in order to arrive at the missing figures (a) through (1). Missell's Hot Sauce Packaging Department Month Ended July 31 Flow of Production Units to account for: Beginning work in process, July 1 Plus: Transferred in during July Total physical units to account for Units accounted for: Completed and transferred out during July Plus: Ending work in process, July 31 Total physical units accounted for Total Equivalent Units Step 1: Flow of Physical Units Step 2: Equivalent Units Transferred- in Direct Materials Conversion Costs 28,000 234,000 262000 33,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!