ACCOUNT-How many units are in process at May
by ella | Aug 20, 2025 | Business
I am not sure where I am messing up. Can you please breakdown the answers you get?
The ledger of Custer Company has the following work in process account.
| Work in Process—Painting |
| 5/1 |
Balance |
3,760 |
5/31 |
Transferred out |
? |
| 5/31 |
Materials |
7,140 |
| 5/31 |
Labor |
4,460 |
| 5/31 |
Overhead |
1,570 |
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|
| 5/31 |
Balance |
? |
Production records show that there were 450 units in the beginning inventory, 30% complete, 1,570 units started, and 1,530 units transferred out. The beginning work in process had materials cost of $2,800 and conversion costs of $1,740. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.
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(a) How many units are in process at May 31?
| Work in process, May 31 |
3235 |
units |
(b) What is the unit materials cost for May? (Round unit cost to 3 decimal places, e.g. 2.257.)
| The unit materials cost for May |
$.866 |
(c) What is the unit conversion cost for May? (Round unit cost to 3 decimal places, e.g. 2.257.)
| The unit conversion cost for May |
$.806 |
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(a) What is the total cost of units transferred out in May? (Round answer to 0 decimal places, e.g. 1,225.)
| The total cost of units transferred out in May |
$2558 |
(b) What is the cost of the May 31 inventory? (Round answer to 0 decimal places, e.g. 1,225.)
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