In Ramirez Company, materials are entered at the beginning of each process. Work

Question

In Ramirez 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 2008 are as follows.
Beginning
Work in Process
Ending
Work in Process

Month
Units
Conversion Cost%
Units
Transferred Out
Units
Conversion Cost%

January -0- - 7,600 2,400 60
March -0- - 12,700 3,100 30
May -0- - 17,500 5,600 80
July -0- - 11,700 2,200 40







Correct.

Compute the physical units for January and May. (If answer is zero, please enter 0. Do not leave any fields blank.)
January May
Units to be accounted for
Beginning work in process
Started into production


Total units



Units accounted for
Transferred out
Ending work in process


Total units












Incorrect.

Compute the equivalent units of production for (1) materials and (2) conversion costs for each month.
Materials Conversion Costs
January
March
May
July

Explanation / Answer

Thank you! your calculations are correct.

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