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month of July Missell's Hot Sauce uses a process costing system to determine its product's cost. The last of the three processes is packaging.
month of July Missell's Hot Sauce uses a process costing system to determine its product's cost. The last of the three processes is packaging. The Packaging Department reported the following information for the (Click the loon to view the reported information for July.) The units in ending work in process inventory were 80% complete with respect to direct materials but only 60% complete with respect to conversion Requirement Summarize the flow of physical units and compute output in terms of equivalent units in order to arrive at the missing figures (a) through Missell's Hot Sauce Packaging Department Month Ended July 31 Flow of Production Units to account for: Beginning work in process, July 1 Plus Transferred in during July Total physical units to account for Units accounted for Completed and transferred out during July Plus Ending work in process, July 31 Total physical units accounted for Total Equivalent Units GED Step 1: Step 2: Equivalent Units Flow of Physical Units Transferred in Direct Materials Conversion Costs 29,000 225,000 34.000
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