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(5.) Consider the following data for May: Physical Units Started in May 50,000 Completed in May 46,000 Ending inventory, Work in Process 12,000 Beginning inventory,
(5.) Consider the following data for May:
|
| Physical Units |
| Started in May | 50,000 |
| Completed in May | 46,000 |
| Ending inventory, Work in Process | 12,000 |
| Beginning inventory, Work in Process | 8,000 |
The beginning inventory was 90% complete regarding direct materials and 40% complete regarding conversion costs. The ending inventory was 60% complete regarding direct materials and 20% complete regarding conversion costs.
Required: Prepare a single schedule of equivalent units for the work done to date and the work done for May only.
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