18-2418-23

18-21please answer 18-24 I already solved the other two

FIFO method, assigning costs (continuation of 18-23). Required: For the data in Exercise 18-21, use the FIFO method to summarize the total costs to account for; calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. FIFO method, spoilage, equivalent units. Refer to the information in Exercise 18-21. Suppose MacLean Manufacturing Company uses the FIFO method of process costing instead of the weightedaverage method. Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. 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 (Pennants) 1,350 Direct Materials $ 966 8,800 Work in process, November 18 Started in November 2017 Good units completed and transferred out during November 2017 Normal spoilage Abnormal spoilage Work in process, November 306 Total costs added during November 2017 80 1,700 $10,302 Degree of completion direct materials, 100%; conversion costs, 45%. Degree of completion: direct materials, 100%; conversion costs, 35%. Compute equivalent units for direct materials and conversion costs. Show physical uni of your schedule. ompany, which makes silk pennants and ided at the beginning of the process, is. Spoilage is detected upon inspection ied of at zero net disposal value. erage method of process costing Physical Units (Pennants) 1,350 Direct Materials $ 966 Conversion Costs $ 711 8,800 80 50 1,700 $10,302 $30,055 rsion costs, 45%. Arsion costs, 35%. conversion costs. Show physical units in the first column