In Wayne Company, materials are entered at the beginning of each process. Work i

Question

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%

(a) Compute the physical units for January and May.

January

May

(b) Compute the equivalent units of production for (1) materials and (2) conversion costs for each month.

Materials

Conversion Costs

Beginning
Work in Process

Ending
Work in Process

Month

Units

Conversion
Cost%

Units
Transferred Out

Units

Conversion
Cost%

January 0 — 9,910 2,800 60 March 0 — 13,540 4,670 30 May 0 — 16,500 7,570 80 July 0 — 11,320 1,920 40

Explanation / Answer

Solution 1:

Solution 2:

Computation of Physical units Particulars January May Units to be accounted for: Beginning WIP 0 0 Started into Production 12710 24070 Total Units 12710 24070 Units accounted for: Transferred out 9910 16500 Ending Work In Process 2800 7570 Total Units 12710 24070

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