Exercise
At Crenshaw Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion, and production data for its Painting Department in selected months are as follows:
|
Beginning Work In Process
|
Ending Work in Process
|
|
|
Month
|
Units
|
Percentage
Completed
|
Units Completed and
Transferred Out
|
Units
|
Percentage
Completed
|
|
July
|
0
|
-
|
11,000
|
1,500
|
90%
|
|
Sept.
|
2,500
|
20%
|
9,000
|
5,000
|
70%
|
Compute the physical units for July.
Compute the equivalent units of production for materials and conversion costs for September.