Sub: Accounts Topic: Cost Accounting
Question:
In Ramirez 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 2008 are as follows.
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Sub: Accounts Topic: Cost Accounting
Solution:
CALCUALTION OF PHYSICAL
UNITS JANUARY MAY
Units to be accounted for:
Beginning work-in-process 0 0
Started into production 9900 22300 corrected
Total units 9900 22300 corrected
Units accounted for:
Transferred out 7200 17000
Ending work-in-process 2700 5300 corrected
9900 22300 corrected
EQUIVALENT UNITS OF
PRODUCTION
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Sub: Accounts Topic: Cost Accounting
CONVERSION
MATERIALS COSTS
JANUARY 9900 8820
MARCH 16400 14230
MAY 22300 21240
JULY 12900 11760
** End of the Solution **
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