Question

In: Accounting

Materials are added at the beginning of the process and conversion costs are added uniformly. Work...

Materials are added at the beginning of the process and conversion costs are added uniformly.

Work in? process, beginning:

Number of units

15 comma 00015,000

Transferredminus?in

costs

?$94,000

Direct materials? (100%)

?$22,500

Conversion costs? (75%)

?$25,400
Units

transferredminus??in:

Number of units

52 comma 50052,500

Transferredminus?in

costs

?$640,500

Units completed

41 comma 00041,000

Costs during the? period:

Direct materials

?$155,475

Conversion costs

?$213,225

Work in? process, ending:

Number of units

26 comma 50026,500

?(100% complete for materials and? 35% complete for? conversion)

What is the total number of physical units to account? for?

Solutions

Expert Solution

The total number of physical units to account for equals the total number of units accounted for.


For a given period, the physical flow reconciliation is represented by:

Units in beginning inventory + Units transferred in = Units transferred out + Units in ending inventory.

Note that units transferred in are started during the period. Units completed during the period are transferred out.

Units in beginning inventory + Units started (or transferred in) = Units completed (or transferred out) + Units in ending inventory.

Total Number of physical units to account for=67,500

ekkarill92 answered 2 years ago
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