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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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