Sunland Company reported the following information for the month of April: Units Work in Process Beginning inventory, April 1 8,100 Added to production 47,600 Completed and transferred out ? Ending inventory, April 30 4,800 Ending inventory was 100% complete with respect to materials and 69% complete with respect to conversion costs. (a) How many units were transferred out of Work in Process Inventory?

50,900 units

Explanation:

a. The computation of the units were transferred out of Work in Process Inventory is shown below:

= Beginning inventory of work in process units  + added to the production units - ending inventory of work in process units

= 8,100 units + 47,600 units - 4,800 units

= 50,900 units

Basically we added the production units and deduct the  ending inventory of work in process units to the Beginning inventory of work in process units so that the transferred out units could come

$ 1,965,334

Step-by-step explanation:

Annual sales of company in 1999 = $ 1,200,000

Geometric mean growth rate = 10.37 % = 0.1037

In order to forecast we have to use the concept of Geometric sequence. The annual sales of company in 1999 constitute the first term of the sequence, so:

The growth rate is 10.37% more, this means compared to previous year the growth factor will be

r =1 + 0.1037 = 1.1037

We have to forecast the sales in 2004 which will be the 6th term of the sequence with 1999 being the first term. The general formula for n-th term of the sequence is given as:

So, for 6th term or the year 2004, the forecast will be:

Thus, the forecasted sales for 2004 are $ 1,965,334