WallerCo's Assembly Department began the period with 12,000 units partially complete.An additional 275,000 units were transferred into this department during the period to be assembled (the final step in the manufacturing process).At the end of the period, 15,000 units remained in the Assembly Department.The company utilizes a process costing system.How many units were transferred to Finished Goods Inventory during the period?

Question

Quizplus · Accepted Answer

The total units accounted for by the Assembly Department equals the units it started with plus the units transferred in, which is 12,000 + 275,000 = 287,000 units. Since 15,000 units remained in the Assembly Department at the end of the period, the units transferred to Finished Goods Inventory equals the total accounted for minus the ending inventory, which is 287,000 - 15,000 = 272,000 units.

WallerCo's Assembly Department Began the Period with 12,000 Units Partially