Question

EA13.

Answer 1

Answer:

                        Units transferred out during the period

                                                    Material       Conversion

                                                     Units           Units

Beginning work-in-progress      8,329          5,580

Units started during the period   23,142        15,505

Ending work-in-progress             (9,321)          (6,245)

Units transferred out                   22,150         14,840  

Explanation:    

Units transferred out during the period is the aggregate of beginning work-in-progress and units started during the period minus ending work-in-progress. Since the conversion is 67% complete, it means we will apply 67% on beginning work-in-progress of 8,329 units in order to obtain the beginning inventory of conversion. Moreso, 67% will be applied on the units started during the period of 23,142 units to obtain the units started for conversion. We will also apply 67% to the ending work-in-progress of 9,321 units so as to obtain the ending work-in-progress of conversion.