Mogyardy's Hot Sauce uses a process costing system to determine its product's cost. The last of the three processes is packaging. The Packaging Department reported the following information for the month of July: Mogyardy's Hot Sauce Packaging Department Step 1: Step 2: Equivalent Units
Month Ended July 31 Flow of Physical Transferred Direct Conversion
Flow of Production Units in Materials Costs
Units to account for:
Beginning work in process, July 1 25,000
Plus: Transferred in during July 227,000
Total physical units to account for (a)
Units accounted for:
Completed and transferred out during July (b) (d) (g) (j)
Plus: Ending work in process, July 31 30,000 (e) (h) (k)
Total physical units accounted for (c)
Total Equivalent Unit (f) (i) (l)
The units in ending work in process inventory were 80% complete with respect to direct materials but only 40%
complete with respect to conversion.
Requirement:
Summarize the flow of physical units and compute output in terms of equivalent units in order to arrive at the missing figures (a) through (l).
Mogyardy's Hot Sauce Packaging Department Step 1: Step 2: Equivalent Units
Month Ended July 31 Flow of Physical Transferred- Direct Conversion
Flow of Production Units in Materials Costs
Units to account for:
Beginning work in process, July 1 25,000
Plus: Transferred in during July 227,000
Total physical units to account for
Units accounted for:
Completed and transferred out during July
Plus: Ending work in process, July 31 30,000
Total physical units accounted for
Total Equivalent Units