A company started the month with 8,333 units in work in process inventory. It started 23,146 units and had an ending inventory of 9,322. The units were 100% complete to materials and 67% complete with conversion. How many units were transferred out during the period? Units transferred out
A company started the month with 8,333 units in work in process inventory. It started 23,146 units and had an ending inventory of 9,322. The units were 100% complete to materials and 67% complete with conversion. How many units were transferred out during the period? Units transferred out
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![**Work in Process Inventory Calculation**
A company began the month with 8,333 units in work in process inventory. During this period, 23,146 units were started, and the company ended with an inventory of 9,322 units. The units were 100% complete concerning materials and 67% complete with conversion. The task is to determine how many units were transferred out during this period.
- **Units started:** 23,146
- **Beginning inventory:** 8,333 units
- **Ending inventory:** 9,322 units
- **Completion status:**
- Materials: 100% complete
- Conversion: 67% complete
Please enter the number of units transferred out during the period in the box below:
Units transferred out [ ]
To calculate the units transferred out, use the formula:
\[ \text{Units transferred out} = (\text{Beginning Inventory} + \text{Units Started}) - \text{Ending Inventory} \]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9b42eed3-4529-4a19-8e98-24541acb39fa%2Feb6ba460-7910-4111-9e94-9d2d0b680582%2Frbmnfim_processed.jpeg&w=3840&q=75)
Transcribed Image Text:**Work in Process Inventory Calculation**
A company began the month with 8,333 units in work in process inventory. During this period, 23,146 units were started, and the company ended with an inventory of 9,322 units. The units were 100% complete concerning materials and 67% complete with conversion. The task is to determine how many units were transferred out during this period.
- **Units started:** 23,146
- **Beginning inventory:** 8,333 units
- **Ending inventory:** 9,322 units
- **Completion status:**
- Materials: 100% complete
- Conversion: 67% complete
Please enter the number of units transferred out during the period in the box below:
Units transferred out [ ]
To calculate the units transferred out, use the formula:
\[ \text{Units transferred out} = (\text{Beginning Inventory} + \text{Units Started}) - \text{Ending Inventory} \]
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Units were transferred out is 22,157
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