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 Beginning Work in Process Units 0 0 0 O Conversion Cost% Units Completed and Transferred Out 14,080 15,360 17,920 12,800 Ending Work in Process Units 2,560 3,840 8,960 1,680 Conversion Cost% 60 30 80 40

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Topic Video
Question

Please do not give solution in image format thanku 

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
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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education