In Wayne Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2014 are as follows.
|
|
Beginning
Work in Process
|
|
|
|
Ending
Work in Process
|
|
Month
|
|
Units
|
|
Conversion
Cost%
|
|
Units
Transferred Out
|
|
Units
|
|
Conversion
Cost%
|
| January |
|
0 |
|
- |
|
10,100 |
|
2,960 |
|
70 |
| March |
|
0 |
|
- |
|
14,060 |
|
4,900 |
|
40 |
| May |
|
0 |
|
- |
|
16,590 |
|
7,810 |
|
80 |
| July |
|
0 |
|
- |
|
10,600 |
|
1,660 |
|
50
|
(a) Compute the physical units for January and May.
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January
|
|
May
|
| Units to be accounted for |
|
|
|
|
| Beginning work in process |
|
|
|
|
| Started into production |
|
|
|
|
| Total units |
|
|
|
|
|
|
|
|
|
| Units accounted for |
|
|
|
|
| Transferred out |
|
|
|
|
| Ending work in process |
|
|
|
|
| Total units |
|
|
|
|