13. Monsoon Manufacturing had 5,000 units in beginning inventory and started 25,000 units this month. Total cost per equivalent unit was $4,00. The company completed and transferred 30,000 units to finished goods inventory, of which 10,000 units were determined to be spoiled due to a natural disaster and 5,000 units spoiled as part of normal operations. What journal entry would be used to record the amount of spollage? Cr. Finished Goods Inventory $120,000 c. Dr. Finished Goods Inventory $80,000 Dr. Loss from Abnormal Spoilage $40,000 Cr. WIP Inventory $120,000 d. No entry is required 14. Which of the below is not a limitation of process costing? a. Process costing information is generally not useful for many short-term decisions because unavoidable fixed costs are allocated to the products. b. Process costing can only be used for internal reporting purposes. c. It is challenging to determine exact timing of when costs are incurred during process costing (e.g. labor, depreciation, maintenance, utilities) d. Estimates are involved in determining the amount of spoilage and percentage of completion for ending inventory. 15. Gopher Golf has gathered the following information: Maintenance costs are allocated on the basis of number of rooms, and Human Resources costs are allocated on the basis of number of personnel. If Gopher first allocates maintenance costs when using the step-down method, what is the value of costs that should be allocated from Human Resources to the Golf Clubs department? a. $190,000 b. $182,000 c. $78,000 d. $0