In: Accounting
Swifty Corp. manufactures whimsical toys for children. The toys pass from the forming department to the painting department. The painting department had the following data on physical units during the month: Units transferred from forming department 900 Units completed and transferred out 190 Work in process, beginning 390 What is the number of units in ending Work in Process inventory? 1290 900 1100 390
Ans. | Option 3rd 1100 | ||
Particulars | Units | ||
Work in process, beginning inventory units | 390 | ||
Units transferred from forming department | 900 | ||
Total units to be accounted for | 1290 | ||
Less: Units completed and transferred out | -190 | ||
Ending work in process inventory | 1100 | ||
*In the process of units reconciliation, we need to add beginning WIP units and | |||
units added to production (transferred from forming department) and then | |||
completed and transferred out units are subtracted to calculated the ending | |||
WIP units. | |||