In Shady Company, materials are entered at the beginning of each process. Work in process...

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Accounting

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 2020 are as follows.

Beginning Work in Process

Ending Work in Process

Month

Units

Conversion Cost%

Units Transferred Out

Units

Conversion Cost%

January 0 11,900 3,100 68
March 0 13,100 3,700 33
May 0 14,900 7,930 80
July 0 11,600 2,100 44

Part 1

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

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Part 2

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

Materials

Conversion Costs

January
March
May
July

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