37. (Cost assignment) Patio Products employs a weighted average process costing system for its products. One product passes through three departments (Molding, Assembly, and Finishing) during production. The following activity took place in the Finishing Department during May 2001:

Units in beginning inventory 4,200 Units transferred in from Assembly 42,000 Units spoiled 2,100 Good units transferred out 33,600 The equivalent units and the costs per equivalent unit of production for each cost factor are as follows:

Cost of prior departments $5.00 Raw material 1.00 Conversion 3.00 Total cost per EUP $9.00 Raw material is added at the beginning of processing in Finishing without changing the number of units being processed. Work in Process Inventory was 70 percent complete as to conversion on May 1 and 40 percent complete as to conversion on May 31. All spoilage was discovered at final inspection. Of the total units spoiled, 1,680 were within normal limits.

a. Calculate the equivalent units of production.

b. Determine the cost of units transferred out of Finishing.

c. Determine the cost of ending Work in Process Inventory.

d. The portion of the total transferred-in cost associated with beginning Work in Process Inventory amounted to $18,900. What is the current period cost that was transferred in from Assembly to Finishing?

e. Determine the cost associated with abnormal spoilage for the month. How would this amount be accounted for? (CMA adapted)