Please find these numbers and explain the
reasons.
Thank you.
Homework Answers
a. Ending Balance of Material = Beginning inventory + Raw
Material Purchased - Material issued
= 150000 + 805000 - 800000 = $155000
b. Ending WIP - Department 1 = Beginning Inventory + Material
used + Conversion - Transferred to Department 2
= $60000 + 630000+516000 -1100000 = $106000
c. Material used in WIP Department 2 = Total Material issued -
Material used in Department 1
= $800000 - 630000 = $170000
d. Transferred from Department 1 = $1100000
e. Transferred to Finished Goods = Beginning Department 2 + Raw
Material used + Conversion + Transfer from Dep 1 - Ending
Department 2
= 51000 + 170000+180000+1100000-31000 = $1470000
f. Transferred from Department 2 = $1470000
g. Ending Balance Finished Goods = Beginning Inventory +
Transferred from Department 2 - Ending Inventory
= $250000 + 1470000 - 150000 = $1570000
Add Answer to:
Please find these numbers and explain the
reasons.
Thank you.
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