GUT Loanstar had 50 units in beginning inventory before starting 950 units and completing 750 units. The beginning work in process Inventory consisted of $1,000 in materials and $6,000 in conversion costs before $10,000 of materials and $8,850 of conversion costs were added during the month. The ending WIP inventory was 100% complete with regard to materials and 30% complete with regard to conversion costs. Use the above information to complete a production cost report. Enter all amount as positive values. Production Cost Report Work in process completion percent 100% 30% Material Units Conversion Units Total Units Completed and transferred out 750 750 250 250 Ending work in process 1,000 1,000 Total units to account for Materials Conversion Total Costs to account for 1,000 6.000 $ 7,000 Beginning work in process Incurred during the period Total costs to account for Equivalent units Cost per equivalent unit for department Transferred-out costs End work in process: materials End work in process: conversion End work in process total for CHICO Total units to account for 1,000 825 1,000 Costs to account for Materials Total Conversion 6,000 Beginning work in process 1.000 $ 7,000 Incurred during the period Total costs to account for Equivalent units Cost per equivalent unit for departments Transferred-out costs End work in process: materials End work in process: conversion End work in process: total Total costs accounted for Prepare the journal entry to record the transfer of inventory from the manufacturing department to the finished goods department. If an amount box does not require an entry, leave it blank. Oh My Work Incorrect Previous Next > Check My Work