Question

In Sheridan Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage
Units accounted for Transferred out Ending work in process Total units LINK TO TEXT LINK TO TEXT Compute the equivalent units
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Answer #1

1) Physical flow of unit

January May
Units to be accounted for
Beginning work in process 0 0
Unit started 14600 23430
Total units to be accounted for 14600 23430
Units accounted as
Unit transferred out 11700 15500
Ending work in process 2900 7930
Total units accounted as 14600 23430

2) Equivalent unit

Material Conversion
January 14600 11700+2900*62% = 13498
March 12300+4900 = 17200 12300+4900*37% = 14113
May 23430 15500+7930*80% = 21844
July 11100+2500 = 13600 11100+2500*44% = 12200
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