18-37 Weighted-average method, shipping department (continuation of 18-35). In the shipping depart- ment of World Class Steaks, conversion costs are added evenly during the process, and direct materials are added at the end of the process. Spoiled units are detected upon inspection at the end of the process and are disposed of at zero net disposal value. All completed work is transferred to the next department The transferred-in costs for May equal the total cost of good units completed and transferred out in May from the prep department, which were calculated in Problem 18-35 using the weighted-average method of process costing. Summary data for May follow. s Costing e, Rw ork Home InsertPage Layout Formulas Data Review View Physical Transferred-In Direct Conversion and Time ory n-Time and World Class Steaks: Shipping Department Units Costs Materials Costs 2 Work in process, beginning inventory (May 3 Degree of completion of beginning work in process 4 Started during May 5 Good units completed and transferred out during May 6 Work in process, ending inventory (May 31) 25,200$67.3970 $46 100% 0% 70% l Budgeting 52,800 16,800 gement 40% ?$11,520 $81,690 100% Degree of completion of ending work in process otal costs added during May 7% Normal spoilage as a percentage of good units Degree of completion of normal spollage 100% 100% 11 Degree of completion of abnormal spoilage For the shipping department, use the weighted-average method to summarize the total c for and assign those costs to units completed and transferred out (including normal spoilage), to abnarmak spoilage, and to units in ending work in process. osts to account n Edocation hc All rights reserved Legal Notice I Pivacy Poicy PermssionsSupport I Feedback 18-37 Weighted-average method, shipping department (continuation of 18-35). In the shipping depart- ment of World Class Steaks, conversion costs are added evenly during the process, and direct materials are added at the end of the process. Spoiled units are detected upon inspection at the end of the process and are disposed of at zero net disposal value. All completed work is transferred to the next department The transferred-in costs for May equal the total cost of good units completed and transferred out in May from the prep department, which were calculated in Problem 18-35 using the weighted-average method of process costing. Summary data for May follow. s Costing e, Rw ork Home InsertPage Layout Formulas Data Review View Physical Transferred-In Direct Conversion and Time ory n-Time and World Class Steaks: Shipping Department Units Costs Materials Costs 2 Work in process, beginning inventory (May 3 Degree of completion of beginning work in process 4 Started during May 5 Good units completed and transferred out during May 6 Work in process, ending inventory (May 31) 25,200$67.3970 $46 100% 0% 70% l Budgeting 52,800 16,800 gement 40% ?$11,520 $81,690 100% Degree of completion of ending work in process otal costs added during May 7% Normal spoilage as a percentage of good units Degree of completion of normal spollage 100% 100% 11 Degree of completion of abnormal spoilage For the shipping department, use the weighted-average method to summarize the total c for and assign those costs to units completed and transferred out (including normal spoilage), to abnarmak spoilage, and to units in ending work in process. osts to account n Edocation hc All rights reserved Legal Notice I Pivacy Poicy PermssionsSupport I Feedback