Question: Instructions Journalize the transactions. (Omit explanations.) E21.5 (LO 3, 4) In Shady Company, materials are entered at the beginning of each process. Work in process
Instructions Journalize the transactions. (Omit explanations.) E21.5 (LO 3, 4) In Shady Company, 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. Beginning Ending Work in Process Work in Process Conversion Units Conversion Month Units Cost% Transferred Out Units Cost% January 11,000 2,000 60 March 12,000 3,000 May 14,000 7,000 80 July 10,000 1,500 40 30 1686& 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
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