Question

DM are added at the beginning of the process. Physical units are as follows: Beginning WIP...

DM are added at the beginning of the process.

Physical units are as follows:
Beginning WIP = 40,000 units, 80% completed last period.
Of the 76,000 units started this period, only 42,000 were complete at the end of the period.
Ending WIP was 60% complete as to CC.

Costs are as follows:
Beginning WIP: DM $41,080; CC $95,928
Current month costs: DM $90,000; CC $157,000

What are the total physical units to be accounted for?

a.

76,000
b.

116,000
c.

82,000
d.

34,000
Business   Accounting   
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Homework Answers

Answer #1
b.

116,000

Working:

Total physical units to be accounted for are the units from beginning work in process (WIP) and units started during the current period.
Beginning WIP units            40,000
Units started during the period            76,000
Total physical units to be accounted for        1,16,000
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