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How many units were both started and completed during the period?

A plant that uses process costing has 8000 units in beginning work in process, 15000 more started, and 5000 units in the ending work in process

Finished Goods Computation:
Work in Process, beginning 8000 units
Started in Process this month 15000 units
Total Work in process 23000 units
Less: Work in process, ending 5000 units
Finished and Transferred 18000 units

Units Started and Transferred:
Finished and Transferred 18000 units
Less: Work in Process, beginning 8000 units
Units Started and Transferred 10000 units

Therefore, the answer is 10000 units.

For any accounting question, e-mail me at ejma_maverick@yahoo.co.uk

This entry was posted on Wednesday, September 30th, 2009 at 4:15 am and is filed under units. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “How many units were both started and completed during the period?”

  1. EJMA (Philippines) on September 30th, 2009 at 10:01 am

    Finished Goods Computation:
    Work in Process, beginning 8000 units
    Started in Process this month 15000 units
    Total Work in process 23000 units
    Less: Work in process, ending 5000 units
    Finished and Transferred 18000 units

    Units Started and Transferred:
    Finished and Transferred 18000 units
    Less: Work in Process, beginning 8000 units
    Units Started and Transferred 10000 units

    Therefore, the answer is 10000 units.

    For any accounting question, e-mail me at ejma_maverick@yahoo.co.uk
    References :
    My brain only.

  2. See if this helps

    http://futureaccountant.com/process-costing/study-notes/statement-of-equivalent-production-statement-of-cost-statement-of-evaluation.php
    References :
    http://futureaccountant.com/process-costing/

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