PA9. LO 5.4 The packaging department began the month with 500 units that were 100%...
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Accounting
PA9. LO 5.4 The packaging department began the month with 500 units that were 100% complete with regard to material and 85% complete with regard to conversion. It received 9,500 units from the processing department and ended the month with 750 units that were 100% complete with regard to materials and 30% complete with regard to conversion. With a $5 per unit cost for conversion and a $5 per unit cost for materials, what is the cost of the units transferred out and remaining in ending inventory?
Solution
| Material | Conversion | ||
| Completed and transferred |
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| Ending work in process |
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| Units accounted for |
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| Transferred out |
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| Ending work in process: materials |
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| Ending work in process: conversion |
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| Ending work in process: total |
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| Costs to account for |
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Computations (The following table is optional.)
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| Materials | Conversion | Total |
| Transferred out |
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| Ending inventory |
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