Production Report Jessica’s Car Supplies has three departments.  Its first department (the Processing Department) shows the following data for the month of July: Work in process, beginning:   Units in process 10,000 Stage of completion with respect to materials 80% Stage of completion with respect to conversion 35%   Costs in the beginning inventory:      Materials cost $138,100    Labour cost $31,000    Overhead cost $19,000       Units started into production during the month 99,000 Units completed and transferred out 100,500   Costs added to production during the month:      Materials cost $988,000    Labour cost $320,000    Overhead cost $155,000   Work in process, ending:       Units in process ???     Stage of completion with respect to materials 90%     Stage of completion with respect to conversion 60% QUESTION 1   Using the provided information answer the following question What is the Total units accounted for?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Production Report

Jessica’s Car Supplies has three departments.  Its first department (the Processing Department) shows the following data for the month of July:

Work in process, beginning:

 

Units in process

10,000

Stage of completion with respect to materials

80%

Stage of completion with respect to conversion

35%

 

Costs in the beginning inventory:

 

   Materials cost

$138,100

   Labour cost

$31,000

   Overhead cost

$19,000

 

 

 

Units started into production during the month

99,000

Units completed and transferred out

100,500

 

Costs added to production during the month:

 

   Materials cost

$988,000

   Labour cost

$320,000

   Overhead cost

$155,000

 

Work in process, ending:

 

    Units in process

???

    Stage of completion with respect to materials

90%

    Stage of completion with respect to conversion

60%

QUESTION 1

  1.  

    Using the provided information answer the following question

    What is the Total units accounted for?   

         
         
         
         

 

Expert Solution
Step 1

Equivalent units is the partially completed units expressed as completed units by converting their values using percentage of completion stage.

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