Question

# Consider the following data for November 2017 from MacLean Manufacturing​ Company, which makes silk pennants and...

Consider the following data for November 2017 from MacLean Manufacturing​ Company, which makes silk pennants and uses a​ process-costing system. All direct materials are added at the beginning of the​ process, and conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value. MacLean Manufacturing Company uses the​ weighted-average method of process costing.

 Physical Units Direct Conversion (Pennants) Materials Costs
 Work in​ process, November 1a 1,350 \$966 \$711 Started in November 2017 ​? Good units completed and transferred out     during November 2017 8,800 Normal spoilage 80 Abnormal spoilage 50 Work in​ process, November 30b 1,700 Total costs added during November 2017 \$10,302 \$30,055

a Degree of​ completion: direct​ materials, 100%; conversion​ costs, 45%.
b Degree of​ completion: direct​ materials, 100​%; conversion​ costs, 35​%

 Equivalent Units Flow of production Direct Materials Conversion Cost Completed and transferred out during current period 8,800 8,800 Normal Spoilage 80 80 Abnormal Spoilage 50 50 Work in process, Ending 1,700 595 Equivalent units of work done to date 10,630 9,525

Begin by summarizing the total costs to account for.

Total

Direct

Conversion

Production Costs

Materials

Costs

 Work in process, beginning

Total costs to account for

​Next, calculate cost per equivalent unit for direct materials and conversion costs. ​(Round your answers to the nearest​ cent.)

 Direct Conversion Materials Costs Divide by: Cost per equivalent unit for work done to date

​Finally, assign costs to units completed and transferred out​ (including normal​ spoilage), to abnormal​ spoilage, and to units in ending work in process. ​(Round your answers to the nearest whole​ dollar.)

 Total Direct Conversion Production Costs Materials Costs Good units completed and transferred out Total cost of good units completed and transferred out Total costs accounted for

Choose from any list or enter any number in the input fields and then continue to the next question.

 Total production costs direct materials conversion costs Work in process beginning 1677 966 711 Costs added in current period 40357 10302 30055 Total costs to account for 42034 11268 30766 Costs incurred to date 11268 30766 Divide by Equivalent units of work done to date 10630 9525 Cost per equivalent unit \$1.06 \$3.23 Assignment of costs Good units completed and transferred out (8800 units) Costs before adding normal spoilage 37752 9328 (8800*1.06) 28424 (8800*3.23) Normal spoilage 343 85 (80*1.06) 258 (80*3.23) Total cost of good units completed & transf. out (a) 38095 9413 28682 Abnormal spoilage (b) 215 53 (50*1.06) 162 (50*3.23) Work in process ending (c) 3724 1802 (1700*1.06) 1922 (595*3.23) Total costs accounted for 42034 11268 30766

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