Complete the following chart by reconciling the number of physical units. The months listed are sequential, and for the same department.?Beginning Units in InventoryUnits StartedUnits CompletedEnding Units in InventoryJanuary3,000a.15,0002,000Februaryb.12,00011,000c.Marchd.18,000e.f.April5,000g.16,0004,000Mayh.i.9,0003,000Junej.17,00010,000k.
What will be an ideal response?
| ? | Beginning Units in Inventory | Units Started | Units Completed | Ending Units in Inventory |
| January | 3,000 | 14,000 | 15,000 | 2,000 |
| February | 2,000 | 12,000 | 11,000 | 3,000 |
| March | 3,000 | 18,000 | 16,000 | 5,000 |
| April | 5,000 | 15,000 | 16,000 | 4,000 |
| May | 4,000 | 8,000 | 9,000 | 3,000 |
| June | 3,000 | 17,000 | 10,000 | 10,000 |
Use the formula (beginning units in inventory + units started = units completed + ending units in inventory) to solve each question, noting that beginning units in process for each month should equal ending units in process for the prior month.
a. 15,000 + 2,000 ? 3,000 = 14,000
b. 2,000 (prior month's ending inventory) = 2,000 (current month's beginning inventory)
c. 2,000 + 12,000 ? 11,000 = 3,000
d. 3,000 (prior month's ending inventory) = 3,000 (current month's beginning inventory)
e. 3,000 + 18,000 ? 5,000 = 16,000
f. 5,000 (next month's beginning inventory) = 5,000 (current month's ending inventory)
g. 16,000 + 4,000 ? 5,000 = 15,000
h. 4,000 (prior month's ending inventory) = 4,000 (current month's beginning inventory)
i. 9,000 + 3,000 ? 4,000 = 8,000
j. 3,000 (prior month's ending inventory) = 3,000 (current month's beginning inventory)
k. 3,000 + 17,000 ? 10,000 = 10,000
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What will be an ideal response?
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