Question 1 In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion Beginning Ending Work in Process Work in Process Conversion Units Conversion Month Units Cost% Transferred Out Units Cost% January 0 11,600 2.300 70 March 0 12,300 3,500 32 May 0 15,500 7,470 80 July 0 11,200 2.500 47 Your answer is correct. Compute the physical units for January and May. January May Units to be accounted for Beginning work in process 0 Started into production 13900 22970 Total units 13900 22970 Units accounted for Transferred out 11600 15500 Ending work in process 2300 7470 Total units 13900 22970 SHOW SOLUTION LINK TO TEXT LINKS TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Compute the equivalent units of production for (1) materials and (2) conversion costs for each month. Materials Conversion Costs January March May July By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor