Question
EA15. LO 5.4 Production data show 35,920 units were transferred out of a stage of production and 6,150 units remained in ending WIP inventory that
EA15. LO 5.4 Production data show 35,920 units were transferred out of a stage of production and 6,150 units remained in ending WIP inventory that was 100% complete to material and 35% complete to conversion. The unit material cost is $5 for material and $8 for conversion. What is the amount of inventory transferred out and remaining in ending work in process inventory?
Solution
| Material | Conversion | ||
| Percent complete |
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| Cost per unit |
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| Units | Materials | Conversion | |
| Transferred out |
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| Ending inventory |
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| Equivalent units |
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| Totals |
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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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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
