11/9/21, 8:25 AM OneClass: In Shady Company, materials are entered at the beginning of each process. Work in process i...

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Accounting

apricotsheep447 Lv1

28 Sep 2019

In Shady 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 2017 are as follows. Beginning Work in
Process Ending Work in Process Month Units Conversion Cost% Units Transferred Out Units
Conversion Cost% January -0- — 11,000 2,000 60 March -0- — 12,000 3,000 30 May -0-
— 14,000 7,000 80 July -0- — 10,000 1,500 40 Instructions (a) Compute the physical units
for January and May. (b) Compute the equivalent units of production for (1) materials and
(2) conversion costs for each month.

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Irving Heathcote Lv2

30 Sep 2019

(a) Compute the physical units for January and May

January May

Units to be accounted
for

Beginning work in
- -
process

Started into production 13,000 21,000

Total units 13,000 21,000

Units accounted for

Home
Transferred out 11,000 14,000
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11/9/21, 8:25 AM OneClass: In Shady Company, materials are entered at the beginning of each process. Work in process i...

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Ending work in process 2,000 7,000

Total units 13,000 21,000

Compute the equivalent units of production for (1) materials and (2) conversion costs for
(b)
each month

Material Conversion
s Costs

January 13000 12200

March 15000 12900

May 21000 19600

July 11500 10600

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