E3-5
In
Kagan 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 2011 are as follows.
Beginning Ending
Work in Process Work in Process
Month Units Conversion Cost% Units Units Conversion Cost%
Transferred Out
January 0 -0- 7,000 2,000 60
March 0 -0- 12,000 3,000 30
May 0 -0- 16,000 5,000 80
July 0 -0- 10,000 1,500 40
Compute the physical units for January and May. (If answer is zero, please enter 0. Do not leave any fields blank.)
Compute the equivalent units of production for (1) materials and (2) conversion costs for each month.
Cederholm Company has gathered the following information.
Units in beginning work in process
Units started into production
Units in ending work in process
Percent complete in ending work in process:
Conversion costs
Materials
Costs incurred:
Direct materials
Direct labor
Overhead
Determine the unit costs of production. (Round answer to 2 decimal places, e.g. 10.50.)
Show the assignment of costs to units transferred out and in process. (Use rounded amount from part (b) for successive calculations.)
