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Exercise
At Crenshaw Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion, and production data for its Painting Department in selected months are as follows:
Beginning Work In Process
Ending Work in Process
Month
Units
Percentage Completed
Units Completed and Transferred Out
July
0
-
11,000
1,500
90%
Sept.
2,500
20%
9,000
5,000
70%
Compute the physical units for July.
Compute the equivalent units of production for materials and conversion costs for September.
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