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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:In Cullumber Company, materials are entered at the beginning of each process, and conversion costs are incurred uniformly
throughout the process. Work in process inventories, with the percentage of work done on conversion costs, and production data for
its Sterilizing Department in selected months during 2022 are as follows.
Month
January
March
May
July
(a)
Beginning
Work in Process
Units
0
0
0
0
Units to be accounted for
Conversion
Cost%
Beginning work in process
Started into production
Total units
Units accounted for
Transferred out
Ending work in process.
Total units
Units Completed and
Transferred Out
Ending
Work in Process
For January and May.compute the physical units to be accounted for and the physical units accounted for.
January
Units
2,560
14,080
15,360
3,840
17,920 8,960
12,800 1,680
Conversion
Cost%
60
30
80
40
May
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