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Brief Exercise 16-4 Goode Company has the following production data for selected months. Ending Work in Process Month Beginning Work in Process Units Transferred Out
Brief Exercise 16-4
Goode Company has the following production data for selected months.
Ending Work in Process | |||||
Month | Beginning Work in Process | Units Transferred Out | Units | % Complete as to Conversion Cost | |
January | 0 | 35,000 | 10,000 | 40 | % |
March | 0 | 40,000 | 8,000 | 75 | |
July | 0 | 45,000 | 16,000 | 25 |
Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process.
Materials | Conversion Costs | |
January | ||
March | ||
July |
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