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Exercise 3-4 Physical Flow of Units

Exercise 3-4 Physical Flow of Units
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Solution Guide / Answer Key:

ACCOUNTING

MT425 / MT 425
Managerial Finance and Accounting
Kaplan University (KU Campus)

James Jiambalvo
Managerial Accounting, 4e
Hoboken, NJ: John Wiley & Sons.

Unit 3: Unit Costs for Decision Making

Chapter 3 Exercise 3-4 Physical Flow of Units [LO 1] In each case below, fill in the missing amount.

Case#1
Work in Process, October 1 5,000 gallons
Units started during October ?
Units completed during October 15,000 gallons
Work in Process, October 31 2,000 gallons

Case#2
Work in Process, March 1 16,000 tons
Units started during March 3,500 tons
Units completed during March 14,400 tons
Work in Process, March 31 ?

Case#3
Work in Process, December 1 250,000 pounds
Units started during December 900,000 pounds
Units completed during December ?
Work in Process, December 31 350,000 pounds

 

FILE: MS WORD

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