**V. Physical Units Data**- **Beginning Work in Process:** 15,000 units- **Units Started to WIP:** 60,000 units- **Ending Work in Process:** 26,000 units - (100% complete materials, 20% complete for conversion costs)**Manufacturing Cost Data**- **Beginning Work in Process:** - Materials: $15,000 - Conversion Costs: $30,435**Costs Added**- Materials: $180,000- Conversion Costs: $99,645**Step 1 & 2:** Account for the Physical units and Determine the Equivalent units completed for the month**Step 3:** Determine the material and conversion costs per unit**Step 4:** Prepare a cost reconciliation

Name: **V. Physical Units Data**- **Beginning Work in Process:** 15,000 uni
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Description: **V. Physical Units Data**- **Beginning Work in Process:** 15,000 units- **Units Started to WIP:** 60,000 units- **Ending Work in Process:** 26,000 units - (100% complete materials, 20% complete for conversion costs)**Manufacturing Cost Data**- **

Process costing: It is a type of costing method, where the direct costs are accumulated and indirect…

Business

Accounting

Physical Units Data Beginning Work in Process Units Started to WIP 15,000 units 60,000 units Ending Work in Process (100% complete materials, 20% complete for conversion costs 26,000 units Manufacturing Cost Data Beginning work in Process Materials Conversion Costs 15,000 $ 30,435 Costs added Materials 180,000 99,645 Conversion Costs Step 1&2. Account for the Physical units and Determine the Equivalent units completed for the month

Physical Units Data Beginning Work in Process Units Started to WIP 15,000 units 60,000 units Ending Work in Process (100% complete materials, 20% complete for conversion costs 26,000 units Manufacturing Cost Data Beginning work in Process Materials Conversion Costs 15,000 $ 30,435 Costs added Materials 180,000 99,645 Conversion Costs Step 1&2. Account for the Physical units and Determine the Equivalent units completed for the month

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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