Units Beginning inventory Started during the month Total units to account for Completed and transferred out Ending work in process 20,000 75,000 70,000 ? Total units accounted for ? Work in process completion % 100% 25% Material Units Conversion Units Total Completed and transferred out Ending work in process 70,000 70,000 70,000 ? ? ? Total units accounted for ? Costs to account for Beginning work in process Transferred in ncurred during the period Materials Conversion Total $ 3,500 $16,000 $19,500 $25,000 $45,000 $70,000 Total costs to account for ? ? ? Equivalent units Cost per equivalent unit for department ? ? Transferred-out costs End work in process: materials End work in process: conversion End work in process: total Total costs accounted for ? ? ? ? ?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Units
Beginning inventory
Started during the month
20,000
75,000
Total units to account for
?
Completed and transferred out
Ending work in process
70,000
Total units accounted for
Work in process completion %
100%
25%
Material Units
Conversion Units
Total
Completed and transferred out
Ending work in process
70,000
70,000
70,000
?
?
Total units accounted for
?
Costs to account for
Materials
Conversion
Total
$ 3,500
$19,500
Beginning work in process
Transferred in
$16,000
Incurred during the period
$25,000
$45,000
$70,000
Total costs to account for
?
Equivalent units
Cost per equivalent unit for department
?
?
Transferred-out costs
End work in process: materials
End work in process: conversion
End work in process: total
?
?
Total costs accounted for
?
Transcribed Image Text:Units Beginning inventory Started during the month 20,000 75,000 Total units to account for ? Completed and transferred out Ending work in process 70,000 Total units accounted for Work in process completion % 100% 25% Material Units Conversion Units Total Completed and transferred out Ending work in process 70,000 70,000 70,000 ? ? Total units accounted for ? Costs to account for Materials Conversion Total $ 3,500 $19,500 Beginning work in process Transferred in $16,000 Incurred during the period $25,000 $45,000 $70,000 Total costs to account for ? Equivalent units Cost per equivalent unit for department ? ? Transferred-out costs End work in process: materials End work in process: conversion End work in process: total ? ? Total costs accounted for ?
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