Question

The abnormal spoilage is 645 units and the cost per equivalent unit is $3 for direct...

The abnormal spoilage is 645 units and the cost per equivalent unit is $3 for direct materials and $4 for conversion. The inspection point is at the end of processing. There are 1,290 units in ending Work-in-Process and normal spoilage is 430 units. What is the cost of spoilage shown separately on the cost report?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Cost of spoilage = Abnormal spoilage units *total cost per equivalent units

                               =645*($3+$4)

                               =645*$7

Cost of spoilage =$4,515

I HOPE IT USEFUL TO YOU IF YOU HAVE ANY DOUBT PLZ COMMENT GIVE ME UP-THUMB. THANKS....

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus...
Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $451,200. The conversion cost for the period in the Rolling Department is $289,750. The total equivalent units for direct materials and conversion are 2,400 tons and 4,750 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: $ per ton Conversion cost per equivalent unit: Cost of Units Transferred Out and Ending Work in...
Greenworks, Inc. mass-produces goods in three processes. In the first process, direct materials are added 20%...
Greenworks, Inc. mass-produces goods in three processes. In the first process, direct materials are added 20% of the way through the process, conversion costs are incurred evenly throughout the process, and the normal spoilage rate is 5%. This period, 100,000 units were started in the first process. The 25,000 units in beginning work-in-process inventory (40% complete) were worth $100,000 ($50,000 in conversion costs and $50,000 in direct materials costs). During the period, the first process cost $130,000 for direct materials...
Weighted-average method, spoilage, equivalent units. (CMA adapted) Consider the following data for November 2017 from MacLean...
Weighted-average method, spoilage, equivalent units. (CMA adapted) 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...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.40 and $0.10, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 1,600 Started and completed during the period 42,000 42,000 Transferred out of Filling (completed) 42,000 43,600 Inventory in process, end of period 8,000 2,000 Total...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $1.05 and $1.30, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 1,900 Started and completed during the period 37,000 37,000 Transferred out of Filling (completed) 37,000 38,900 Inventory in process, end of period 3,000 1,200 Total...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $2.00 and $2.60, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 2,600 Started and completed during the period 43,000 43,000 Transferred out of Filling (completed) 43,000 45,600 Inventory in process, end of period 4,000 2,000 Total...
Equivalent units in ending work in process inventory. Materials Conversion 2130. 920 Cost per equivalent unit....
Equivalent units in ending work in process inventory. Materials Conversion 2130. 920 Cost per equivalent unit. 15.06. 4.53 Compute the const of ending work in process inventory for materials, conversion and in total
data: 1 Pure Springs Bottling Department Cost per Equivalent Unit Transferred- Direct Conversion in Materials Costs...
data: 1 Pure Springs Bottling Department Cost per Equivalent Unit Transferred- Direct Conversion in Materials Costs Beginning work in process, February 1 $3,300 $0 $1,290 Costs added during February 132,000 28,260 55,900 Total costs to account for 135,300 28,260 57,190 data: 2 Pure Springs Bottling Department Flow of Physical Units and Computation of Equivalent Units Flow of Equivalent Units Physical Transferred- Direct Conversion Flow of Production Units in Materials Costs Units to account for: Beginning work in process, February 1...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $2.70 and $1.15, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 2,000 Started and completed during the period 49,000 49,000 Transferred out of Filling (completed) 49,000 51,000 Inventory in process, end of period 6,000 3,000 Total...
The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages...
The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages on Jolt Company is $0.50 and $0.20, respectively. The equivalent units to be assigned costs are as follows: Direct Materials Conversion Inventory in process, beginning of period0 2,800 Started and completed during the period52,280 52,280 Transferred out of Bottling (completed)52,280 55,080 Inventory in process, end of period3,450 2,400 Total units to be assigned costs55,730 57,480 The beginning work in process inventory had a cost...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT