Question

On July 1, custom bundles had 8,329 units in work in process. during the month of july, they put 23,142 units into production. they ended the month with 9,321 units in ending inventory that were 100% complete with respect to materials and 67% complete with respect to conversion costs. calculate the number of units transferred out during the period.

Beginning inventory____
Started ____
Total units to account for ____
Ending inventory ____
Units transferred out ___

Answer 1

The number of units transferred out during the period is calculated as the sum of beginning inventory and units started minus the ending inventory, resulting in 22,150 units.

Step-by-step explanation:

To calculate the number of units transferred out during the period, we need to consider the units in the beginning inventory, the units started into production, and the units left in ending inventory. The formula is: units transferred out = (beginning inventory + started) - ending inventory. Using the provided numbers:

• Beginning inventory: 8,329 units
• Started into production: 23,142 units
• Ending inventory: 9,321 units

Therefore:

Units transferred out = (8,329 + 23,142) - 9,321 = 22,150 units.

This calculation assumes that the units in ending inventory are excluded from the units transferred out since they are not fully completed concerning conversion costs, even though they are 100% complete with respect to materials.