In: Accounting
Prepare a physical unit flow reconciliation with the following information.
Blending Process | Units of Product |
---|---|
Beginning work in process inventory | 178,000 |
Units started this period | 380,000 |
Units completed and transferred out | 410,000 |
Ending work in process inventory | 148,000 |
Ending Work in process= Beginning work in process plus Units Started this period minus Completed and transferred Out
Total Units to account for= Beginning Work in process plus Units Started this period
Total Units accounted for= completed and transferred out plus ending work in process
Further workings are in the attached snippet below
Please see the workings in the below excel snippet: