Sanchez, Inc. uses process costing. Equivalent units for its Molding Department totaled 18,600 during January for conversion costs. 15,000 units were transferred out of the Molding Department to the Finishing Department during the month. If the items remaining in ending Work in Process inventory are 40% complete as to conversion costs and 80% complete as to materials, how many physical units are there in ending Work in Process inventory in the Molding Department?

Question

Quizplus · Accepted Answer

The Answer of Sanchez, Inc. uses process costing. Equivalent units for its Molding Department totaled 18,600 during January for conversion costs. 15,000 units were transferred out of the Molding Department to the Finishing Department during the month. If the items remaining in ending Work in Process inventory are 40% complete as to conversion costs and 80% complete as to materials, how many physical units are there in ending Work in Process inventory in the Molding Department?