Question

Jaffa Ketchup uses a process costing system to determine its products cost. The last of the three processes is packaging. The packaging department reported the following information for August. The units in ending work-in-process inventory were 90% complete with respect to direct materials, but only 60% complete with respect to conversion. required: fill in the missing figures for blanks (19) to (30)

Student D: STUDENT NAME: Jafta Ketchap uses a process costing system so detemine ins prodact's cost. The last of the throe processes is packaging. The Packaging Departnent peooned the follouing information for Aogust. Note: The units in endina work-in-process imventory were 90% complete with respect to direct materials, but only 60% complete with OUESTION THREE respect to conversion Required: Fill in the missing figures for blanks (19) throegh (30). Eguivalent Units Direct Materials Coaversion Costs Iransferred Phasical Unity Units to account for Begianing work in process 23,00 Transferred in dering July 229,000 Total units to account for (19) Units accounted for: Completed & transferred out (20) 22) (25) (28) Ending work in process 28,000 G3), (26) (29) Total units accounted for (21) Total equivalent units (24) (27) (30)

Answer 1

Fill missing amount

		Equivalent unit
	Physical Unit	Transferred in	Direct material	Conversion
Units to account for
Beginning work in process	23000
Transferred in during July	290000
Total Units to account for	313000
Units accounted for
Completed and transferred out	285000	285000	285000	285000
Ending work in process	28000	28000	28000*90% = 25200	16800
Total Units accounted for	313000
Total equivalent unit		313000	310200	301800