Question

In: Accounting

Swifty Corp. manufactures whimsical toys for children. The toys pass from the forming department to the...

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

Solutions

Expert Solution

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.

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