PA9. LO 5.4 The packaging department began the month with 500 units that were 100% complete with regard to material and 85% complete with regard to conversion. It received 9,500 units from the processing department and ended the month with 750 units that were 100% complete with regard to materials and 30% complete with regard to conversion. With a $5 per unit cost for conversion and a $5 per unit cost for materials, what is the cost of the units transferred out and remaining in ending inventory?

Solution

		Material	Conversion
Completed and transferred
Ending work in process
Units accounted for
Transferred out
Ending work in process: materials
Ending work in process: conversion
Ending work in process: total
Costs to account for

Computations (The following table is optional.)

	Materials	Conversion	Total
Transferred out
Ending inventory