19-25 and 19-26

LO htunits for 880 units er 19 Spoilage, 19-24 Weighted average method, spoilage. Chipcity Inc. is a fast-growing manufacturer of chips. Direct materials are added at the start of the production process. Conversion costs are added inspection of finished goods. Spoiled units are disposed of at zero net disposal value. Chipcity during the process. Some units of this product are spoiled as a result of defects not detectada weighted average method of process costing. Summary data for September are Physical Units (computer chips) 600 Direct Materials $ 96,000 100% Conveni Cats $ 1550 2,550 2,100 450 Work-in-process, beginning inventory (Sept. 1) Degree of completion of beginning WIP Started during September Good units completed and transferred out during September Work-in-process, ending inventory (Sept. 30) Degree of completion of ending WIP Total costs added during September Normal spoilage as a percentage of good units Degree of completion of normal spoilage Degree of completion of abnormal spoilage 100% $567,000 $230,400 15% 100% 100% 100% 100% Required 1. For each cost category, compute equivalent units. Show physical units in the first column of your schedule. 2. Summarize total costs to account for, calculate cost per equivalent unit for each cost category, and assign total costs to units completed and transferred out (including normal spoilage), to abnorma spoilage, and to units in ending work-in-process. 19-25 FIFO method, spoilage. Refer to the information in Exercise 19-24. Required Do Exercise 19-24 using the FIFO method of process costing. 19-26 Standard-costing method, spoilage. Refer to the information in Exercise 19-24. Suppose Chio city determines standard costs of $200 per equivalent unit for direct materials and $75 per equivalent unit for conversion costs for both beginning work-in-process and work done in the current period