Chat_2b - 17-19 Page...

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Unformatted text preview: 17-19 Page 631PhysicalDirectConversionUnitsMaterialsCostsBeginning WIP (May 1)80$493,360 $91,040 Started in May 2009500Completed during May 2009460Ending WIP (May 31)120Total Costs added during May 2009$3,220,000 $1,392,000 Degree of completion May 190%40%Degree of completion May 3160%30%(Step 2)(Step 1)Equivalent UnitsPhysicalDirectConversionFlow of ProductionUnitsMaterialsCostsBeginning WIP (May 1)80Started in May 2009500Units to account for580Completed and transferred out460460460100%Ending WIP (May 31)1207236Accounted For580532496Work done to dateCompleted17-27 Page 633Work in process, beginning inventory (June 1)75$75,000 $0 Degree of completion, beginning work in process100%0%Transferred-in during June135Completed and transferred out during June150Work in process, ending inventory (June 30)60Degree of completion, ending work in process100%0%Total costs added during June$142,500 $37,500 (Step 1)(Step 2)Equivalent UniFlow of ProductionWork in process, beginning (given)75Transferred-in during current period (given)...
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This note was uploaded on 05/12/2011 for the course ACCT 433a taught by Professor Alfredcontreras during the Spring '11 term at National.

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Chat_2b - 17-19 Page...

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