Work in process inventories with the percentage of work

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Reference no: EM13581870

In Wayne 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 2014 are as follows.

	Beginning Work in Process			Ending Work in Process
Month	Units	Conversion Cost%	Units Transferred Out	Units	Conversion Cost%
January	0	-	10,100	2,960	70
March	0	-	14,060	4,900	40
May	0	-	16,590	7,810	80
July	0	-	10,600	1,660	50

(a) Compute the physical units for January and May.

	January	May
Units to be accounted for
Beginning work in process
Started into production
Total units

Units accounted for
Transferred out
Ending work in process
Total units

Reference no: EM13581870

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