-06 Assignment Seved Helps APCO Company manufactures various lines of bicycles. Because of the high volume of each line, the company employs a process costing system using the weighted average method. Bicycle parts are manufactured in the molding department and then are consolidated into a single bike unit in the molding department and transferred to the assembly department where they are assembled. After assembly, the bicycle is sent to the packing department. Annual cost and production figures for the assembly department are presented in the schedules below. Defective bicycles are identified at the inspection point when the assembly labor process is 70% complete all assembly materials have been added at this point. The normal rejection rate for defective bicycles is 5% of the bicycles reaching the inspection point. Any defective bicycles above the 5% quota are considered to be abnormal. All defective bikes are removed from the production process and destroyed Assembly Department Cost Data Transferred-in from Molding Asembly Assembly Department Materials Conversion $ 97,200 $ 8,910 14,480 1,249,800 104,040 247.540 $2.47.000 $112.950 $262.020 Total Coat of Bike through Assembly $ 120,590 1,601380 $1,721,970 Prior period costs Current period costs Total COSES Conversion Assembly Department Production Data Percentage complete Assembly Bicycles Transferred-in Materials Beginning inventory 3,150 1005 1001 Transferred-in from molding during year 60,000 Transferred out to packing during year 47,500 Ending inventory 4.300 100 100 100 Required: 1. Compute the number of defective, or spoiled, bikes that are considered to be a. Normal spollage Materials Assembly Conversion 1001 80 Beginning inventory Transferred-in from molding during year Transferred out to packing during year Ending inventory Bicycles 3,150 60,000 47,500 4,300 Transferred-in 1005 100 100 100 100 50 100 20 Required: 1. Compute the number of defective, or spoiled, bikes that are considered to be a. Normal spoilage b. Abnormal spoilage. 2. Compute the equivalent units of production for the year for a. Bicycles transferred in from the molding department. b. Bicycles produced with regard to assembly materials. c. Bicycles produced with regard to assembly conversion. 3. Compute the cost per equivalent unit for the fully assembled bike. 4. Compute the amount of the total production cost of $1,721,970 that will be associated with the following items: a. Normal spoiled units. b. Good units completed in the assembly department. C. Abnormal spoiled units. d. Ending Work-in-Process Inventory in the assembly department. complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the number of defective, or spoiled, bikes that are considered to be a. Normal spoilage. b. Abnormal spoilage.