Compute the equivalent units of production for (1) materials and (2) conversion costs for each month. Materials Conversion Costs January March May July Given: 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 Work in Process Ending Work in Process Month Units Conversion Cost% Units Transferred Out Units Conversion Cost% January 0 — 11,000 2,000 60 March 0 — 12,000 3,000 30 May 0 — 14,000 7,000 80 July 0 — 10,000 1,500 40
Compute the equivalent units of production for (1) materials and (2) conversion costs for each month. Materials Conversion Costs January March May July Given: 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 Work in Process Ending Work in Process Month Units Conversion Cost% Units Transferred Out Units Conversion Cost% January 0 — 11,000 2,000 60 March 0 — 12,000 3,000 30 May 0 — 14,000 7,000 80 July 0 — 10,000 1,500 40
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 17E: Cost of Production report The Cutting Department of Karachi Carpet Company provides the following...
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Question
Compute the equivalent units of production for (1) materials and (2) conversion costs for each month.
Materials
|
Conversion Costs
|
|||
January |
|
|
||
March |
|
|
||
May |
|
|
||
July |
|
|
Given: 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
Work in Process |
Ending
Work in Process |
|||||||||
Month |
Units |
Conversion
Cost% |
Units
Transferred Out |
Units |
Conversion
Cost% |
|||||
January | 0 | — | 11,000 | 2,000 | 60 | |||||
March | 0 | — | 12,000 | 3,000 | 30 | |||||
May | 0 | — | 14,000 | 7,000 | 80 | |||||
July | 0 | — | 10,000 | 1,500 | 40 |
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