Question

[The following information applies to the questions displayed below) A production department in a process manufacturing system completed its work on 80,000 units of product and transferred them to the next department during a recent period. Of these units, 32,000 were in process at the beginning of the period. The other 48,000 units were started and completed during the period. At period-end, 17,500 units were in process.

Answer 1

1. All di reck matni als are added to products when processing begins Ending WIP 100 l units of Material EUP Material 17500 17500 80000 1001 80000 9 1500 97500 Unit transferred out Total 2. Beginning Inventory is 30-4 complete as to mate viole and Convensim cost Erding Inventory is 70 e complete as to materials and conversion cost. Units * Materials EUP- Materials Unit transferred out 80000 80 000 1oo Fol. 12250 17500 Ending wil 92250 97500 Total

3. Beginning inventory is 60%. Complete as to materials and 20% Complete as to Units % Material EUP- Materials 3soo 20% EUP-Materials in WW 80 000 Xtool + 1500 xloo 4 = Inven Complete as Conversion Unit transferred out 80000 80 000 100 / Ending wil 17500 To tal Note % Materials = 80 000 + 17500 - 97500. 83500 97500 EUP - Materials = Units X 0 -= ☺ EvP-Mateu ial's in ) = 80000 X100. + 17 500 X 7o el 80 000 + 122 50 100%. + 17500 x 200 92 250 iiiEUP- Malui als in (3) - 80 000 X 80 000 + 3500 - 83500. WIP - Work in Process inventory.
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