Calculation of physical units and equivalent units for

Assignment Help Financial Accounting

Reference no: EM13355841

Calculation of physical units and equivalent units for materials and conversion costs given work-in-process data at beginning, processing and ending.

In Ramirez company, materials are entered at the beginning of each process. Work in process inventoried, with the precentage of work done on conversion costs, and production data for its Stenrilizing Department in selected months during 2008 are as follows.

Beginning Work in Process			Ending Work in Process
Month	Units	Conversion Cost%	Units Transferred Out	Units	Conversion Cost%
January	-0-	---	7,200	2,700	60
March	-0-	---	13,300	3,100	30
May	-0-	---	17,000	5,300	80
July	-0-	---	11,000	1,900	40

Compute the physical units for January and May. (If answer is zero, please enter 0, do not leave any fields blank)

	January	May
Units to be accounted for Beginning Work in Process
Started in production
Total units
Units accounted for Transferred Out
Ending Work in Process
Total units

Compute the equivalent units of product for (1) materials and (2) conversion cost for each month.

	Materials	Conversion costs
January
March
May
July

Reference no: EM13355841

Questions Cloud

Assignment of costs to transferred out units and ending : assignment of costs to transferred out units and ending work in process given beginning of process and period

Computation of unit costs for materials and conversion : computation of unit costs for materials and conversion costs based on equivalent units of production given production

Calculation of physical units and equivalent units for : calculation of physical units and equivalent units for materials and conversion costs given work-in-process data at

Journalization of transactions for production costs such as : journalization of transactions for production costs such as of raw materials labor processing and overhead using

Activity based costingroche city has 2 major sources of : activity based costing.roche city has 2 major sources of revenues property tax and sales tax which are billed according

Show activity based costingthe big sky planetarium bsp is a : show activity based costingthe big sky planetarium bsp is a not-for-profit organization subsidized by the city. the

Calculation of a cost charged to a projectthe logistics : calculation of a cost charged to a project.the logistics department serves two operating divisions-an atlantic division

User Account

All Pages