E21-14 The following data pertain to the Packaging Department of Nature's Way Supplements, for the month of

Question:

E21-14 The following data pertain to the Packaging Department of Nature's Way Supplements, for the month of July 20X3: FIFO Equivalent Units Transferred Method In Direct Materials Conversion Costs 200,000 210,000 210.000 206,250 210,000 208,750 Weighted-average. Direct materials are added when the units are halfway through the packaging process. During July, 205,000 physical units were completed and transferred out. Required 1. How many physical units were transferred in to the Packaging Department in July? 2. How many physical units were in the beginning work in process inventory? 3. How many physical units were both transferred in (started) and completed in July? 4. How many physical units were in the ending work in process inventory? 5. What percentage of the total required conversion work was done on the beginning work in process inventory during June? That is, at what percentage of completion were the beginning inventory units on July 1?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

Question Posted: