prepare physical flow schedule Chapt ACC 211 Ct Accounting 32 The following info

Question

prepare physical flow schedule

Chapt ACC 211 Ct Accounting 32 The following information relates to the Blending Department of Gamma Inc. for th of March Units (with respesct to conversion) Completed and transferred Beginning work in process Ending work in process 50,000 15,000 70% 40% Labor and Transferred Materials Overhead In Costs for March: Beginning WIP Added during the month $232,000 $171,500 $274,000 48,000 $ 37,100 $ 76,000 All materials are added at the beginning of the process. Prepare a physical flow schedule. (6 pts) Gamma Inc. Physical Flow Schedule

Explanation / Answer

Prepare physical flow schedule :

Unit to account For Beginning work in process 15000 Unit started during period 55000 Total unit unit account for 70000 Unit to be accounted for Unit completed and transferred out 50000 Ending work in process 20000 Total unit to be accounted for 70000

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