Fill in the unknowns in physical or equivalent units: EQUIVALENT UNITS PHYSICAL DIRECT CONVERSION FLOW OF PRODUCTION

Fill in the unknowns in physical or equivalent units:

Transcribed Image Text:

EQUIVALENT UNITS PHYSICAL DIRECT CONVERSION FLOW OF PRODUCTION Beginning work-in-process Started UNITS MATERIALS COSTS 1,000 (50%) ? To account for 36,000 Completed and transferred out 33,000 33,000 33,000 Ending work-in-process ?(40%)* ? ? Units accounted for ? Work done to date ? ? Equivalent units in beginning inventory ? Work done in current period only ? ? Degree of completion of conversion costs at dates of inventory. Assume that all materials are added at the beginning of the process.