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The Wichita Golf Corporation buys titanium as a direct material for its golf clubs. The Forming Department processes the golf clubs, which are then transferred
The Wichita Golf Corporation buys titanium as a direct material for its golf clubs. The Forming Department processes the golf clubs, which are then transferred to the Finishing Department, where a custom design coating and sealant is applied. During the month of July, the Forming Department began manufacturing 15,000 "T- Woods Drivers." There were 5,000 units of "T-Woods Drivers" in production at the beginning of July. Costs in the Forming Department Work in Process account at the beginning of July Direct Materials: 15,000 Conversion Costs: 7,500 Costs added to the Forming Department that month were as follows: Direct Materials: 56,375 Conversion Costs: 28,985 Of the products that were in production throughout the month, 20% were completed and transferred to the Finishing Department (during July) and the remaining 80% were still in process at the end of the month. The golf clubs (T-Woods Driver) in ending inventory were 100% complete with respect to materials but were only 30% complete with respect to conversion. Using the information provided, answer the following questions. As applicable, round answers to the nearest whole unit. QUESTION ANSWER 1. What were the Physical Units Transferred to the Finishing Department? 2. What were the Physical Units Remaining in the Forming Department at the end of July? 3. What were the Equivalent Units for Conversion Costs for the Clubs Remaining in WIP at the end 4. What were the Equivalent Units for Conversion Costs for the Clubs Completed and Transferred to the Finishing Department? 5. What were the Equivalent Units for Direct Materials for the Clubs Remaining in WIP at the end of July? 6. What were the Equivalent Units for Direct Materials for the Clubs Completed and Transferred to the Finishing Department? of July
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