9. Using the following terms, prepare the worksheet to show the calculation to answer the question:Units completed and transferred outCost per materialCost per conversionEquivalent units conversionBeginning inventoryUnits started in productionTotal units to account forTotal work in processEnding inventoryUnits transferred inTotal units accounted forCosts to account forQuestion: A company started the month with 8,329 units in work in process inventory. It started 23,142 units and had an ending inventory of 9,321. The units were 100% complete to materials and 67% complete with conversion. complete the following table to determine how many units were transferred out during the period?PLEASE NOTE: For units, use commas as needed (i.e. 1,234).??????xxTotal units to account for?????

Process costing system is one of cost accounting system which is used in industries where product…

Answered: Question: A company started 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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9. Using the following terms, prepare the worksheet to show the calculation to answer the question:

Units completed and transferred out	Cost per material	Cost per conversion
Equivalent units conversion	Beginning inventory	Units started in production
Total units to account for	Total work in process	Ending inventory
Units transferred in	Total units accounted for	Costs to account for

Question: A company started the month with 8,329 units in work in process inventory. It started 23,142 units and had an ending inventory of 9,321. The units were 100% complete to materials and 67% complete with conversion. complete the following table to determine how many units were transferred out during the period?

PLEASE NOTE: For units, use commas as needed (i.e. 1,234).

?	?
?	?
?	?
x	x
Total units to account for	?
?	?
?	?

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