Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: All materials are added at the beginning of the process. Beginning work in process had 80,000 units, 30 percent complete with respect to conversion costs. Ending work in process had 17,000 units, 25 percent complete with respect to conversion costs. Started in process, 95,000 units. Prepare a physical flow schedule.

Question

Emilie Burgess

Business

13 November, 08:59

Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: All materials are added at the beginning of the process. Beginning work in process had 80,000 units, 30 percent complete with respect to conversion costs. Ending work in process had 17,000 units, 25 percent complete with respect to conversion costs. Started in process, 95,000 units. Prepare a physical flow schedule.

+5

Answers (1)

Know the Answer?

Jessie Campbell · Answer 1

The preparation is shown below:

Explanation:

The preparation of the physical flow schedule is presented below:

Beginning work in process units 80,000 units

Units started in process 95,000 units

Total units to account for 175,000 units

Units accounted for:

Units completed and transferred out:

Started and completed 78,000 (95,000 units - 17,000 units)

Beginning work in process 80,000

Ending work in process units 17,000

Total units accounted for 175,000