Reference no: EM13355842

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