QUESTION 1 The Planet Corporation produces a product that passes through two pro

Question

QUESTION 1 The Planet Corporation produces a product that passes through two processes. During June, the first department transferred 63,000 units to the second department. The cost of the units transferred was $94,500. Materials are added uniformly in the second process. The following information was provided about the second department's operations during June: Units in process, June 1 Units in process, June 30 5,250 13,650 Units started and completed in Planet Corporation's second department during June would be: 48,280. 37,000 49,350 55,000.

Explanation / Answer

Units started and completed         49,350.00 Dear Student Thank you for using Chegg Please find below the answer and please give thumbs up   Statementshowing Computations Paticulars Amount Beginning WIP           5,250.00 Add Units transferred in         63,000.00 Total Units available           68,250.00 Less Ending WIP       (13,650.00) Units completed = 68250 - 13650         54,600.00 Out of units completed 5250 relates to beginning inventory           5,250.00 Units started and completed = 54600 - 5250         49,350.00

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