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    Missing amounts - process costing

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    See the attached file for the tables.

    Using the data presented below, determine which figures should be inserted in the blank spaces
    Beginning Units in Process Units Started in production Units transferred to finished goods Ending units in process Equivalent units
    a) 600 8,000 8,600 ? ?
    b) 900 6,500 ? 400- ½ completed ?
    c)1500 ? 12,900 1,200- ¼ completed ?
    d)? 7,250 7,200 150- ½ completed ?
    e)? 8,400 8,200 200- ½ completed ?
    f) 400 6,200 6,200 ? 6,300

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    https://brainmass.com/business/accounting/missing-amounts-process-costing-350161

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    Using the data presented below, determine which figures should be inserted in the blank spaces
    Beginning Units in Process Units Started in production Units transferred to finished goods Ending units in process Equivalent units
    a) 600 8,000 8,600 ?0 ?8,600
    b) 900 6,500 ? 7,000 400- ½ completed ? 7,200
    c)1500 ? 12,600 12,900 1,200- ¼ completed ? 13,200
    d)?100 7,250 7,200 150- ½ completed ?7,275
    e)? 0 8,400 8,200 200- ½ completed ? 8,300
    f) 400 6,200 6,200 ?400 - ¼ completed 6,300

    a) Total units = 600 + 8,000 = 8,600
    Units transferred = 8,600
    Ending in process = 0
    Equivalent units = units transferred + equivalent units in process
    = 8,600 + 0 = 8,600

    b) Total units = 900 + 6,500 = 7,400
    Units in ending in process = 400
    Units transferred = 7,400-400 = 7,000
    Equivalent units = 7,000 + 400 X 50% = 7,200

    c) Total units are 12,900 + 1,200 = 14,100
    Units in beginning in process = 1,500
    Units started = ...

    Solution Summary

    The solution explains how to determine the missing amounts relating to process costing

    $2.19

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