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20 August, 12:18

In Shady Company, materials are entered at the beginning of each 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 2020 are as follows. Beginning Work in Process Ending Work in Process Month Units Conversion Cost% Units Transferred Out Units Conversion Cost% January 0 - 11,900 3,000 69 March 0 - 12,200 4,200 33 May 0 - 15,600 7,620 80 July 0 - 10,500 2,100 46 Compute the physical units for January and May.

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  1. 20 August, 12:33
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    Physical Units in January 14,900

    Physical Units in May 23,220

    Explanation:

    The question is to compute physical units for January and May for Shady Company based on the given information

    Physical Units (Also known as the units to be accounted for)

    = The Opening Workin Progress + The Units Started into Production

    Note that this Units should also be equal to the following

    = Units Transferred Out + the Ending Work in Progress units

    It is therefore computed as follows:

    Description January May

    Units to be accounted for 0 0

    Opening WIP

    Started into Production 14,900 23,220

    January (11,900 + 3,000)

    May (15,600 + 7,620)

    Total Units 14,900 23,200

    Units accounted for

    Units Transferred out 11,900 15,600

    Closing Work in Progress 3,000 7,620

    Total Units 14,900 23,200
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