In: Accounting
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?
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