Beginning Work in Process Ending Work in Process Month Units Conversion Cost% Un

Question

Beginning
Work in Process

Ending
Work in Process

Month

Units

Conversion
Cost%

Units
Transferred Out

Units

Conversion
Cost%

January

May

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Materials

Conversion Costs

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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 2017 are as follows.

Beginning
Work in Process

Ending
Work in Process

Month

Units

Conversion
Cost%

Units
Transferred Out

Units

Conversion
Cost%

January 0 — 11,600 2,090 60 March 0 — 13,800 4,840 33 May 0 — 15,600 7,650 80 July 0 — 11,200 2,240 41

Explanation / Answer

Answers

January

May

Units to be accounted for

   Beginning work in process

0

0

   Started into production

13690

23250

      Total units

13690

23250

Units accounted for

   Transferred out

11600

15600

   Ending work in process

2090

7650

      Total units

13690

23250

Materials

Conversion Costs

January

13690

12854

March

18640

15397

May

23250

21720

July

13440

12118

Working for Requirement 2

Materials

Conversion Costs

January

= 11600 + 2090

=11600+(2090*60%)

March

=13800+4840

=13800+(4840*33%)

May

=15600+7650

=15600+(7650*80%)

July

=11200+2240

=11200+(2240*41%)

January

May

Units to be accounted for

   Beginning work in process

0

0

   Started into production

13690

23250

      Total units

13690

23250

Units accounted for

   Transferred out

11600

15600

   Ending work in process

2090

7650

      Total units

13690

23250

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