17-5 In Shady Company, materials are entered at the beginning of each process. Work in...
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Accounting
17-5
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 Ending
Work In process Work In process
Month Units Conversion Units Units Conversion
Cost Transferred Out 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
Compute the physical units for January and May
Compute the equivalent units of production for (1) materials and (2) conversion costs for each month
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