Question

The June 1 work in process inventory consisted of 4,100 units with $14,700 in materials cost and $12,300 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 60% complete with respect to conversion. During June, 36,600 units were started into production. The June 30 work in process inventory consisted of 9,400 units that were 100% complete with respect to materials and 50% complete with respect to conversion. 3. How many units were completed and transferred to finished goods during the period

Answer 1

Units completed and transferred to finished goods during the period are:

= 31,300 units.

Step-by-step explanation:

a) Data and Calculations:

Units Materials Conversion

Work in process inventory, June 1 4,100 $14,700 $12,300

Degree of completion of WIP 100% 60%

Units started into production, June 36,600

Total units available in production 40,700

Work in process inventory, June 30 9,400 100% 50%

Units completed and transferred 31,300 (40,700 - 9,400)