Question

At the beginning of the month, the Forming Department of Martin Manufacturing had 10,000 units in...

At the beginning of the month, the Forming Department of Martin Manufacturing had 10,000 units in inventory, 30% complete as to materials, and 10% complete as to conversion. During the month the department started 60,000 units and transferred 62,000 units to the next manufacturing department. At the end of the month, the department had 8,000 units in inventory, 80% complete as to materials and 60% complete as to conversion. How many units did the Forming Department start and complete in the current month?

Multiple Choice

  • 62,000

  • 60,000

  • 58,000

  • 68,000

  • 52,000

Business   Accounting   
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Answer #1

Correct answer-----------52000

Working

Units
Beginning WIP             10,000
Units introduced             60,000
Total units to be accounted for             70,000
Completed and Transferred unit             62,000
Ending WIP               8,000

.

Total Units
Units Transferred:
From WIP             10,000
From units started/Introduced             52,000
Total             62,000
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