4. Sorapis A) units of production that do not meet the specifications required by customers but that are subsequently repaired and sold as good finished units B) products of a joint production process that have low total sales values relative to the total sales value of the main product C) residual material that results from manufacturing a product D) units of production whether fully or partially completed, that do not meet the specifications required by customers for good units and are discarded or sold reduced prices 5 An tem classified as sportage has no value Al True B) False Rework is finished production that is NOT in accordance with customer desires. The product is redone and sold as finished goods A) Trun B) False Scrap and ruwork are considered to be the same thing by managerial accountants A) True B) False # For each of the following some identify whether it is sportage, reworked units, or a Defective shirts sold as seconds b. End cuts from suit making operations c Edges from plastic moldings d. Carpets sold as seconds e. Precision tool that are not buil successfully to the necessary tolerance but which can be successfully converted to a saleable product 1. Rock extracted as a result of mining processing 9. Complex defective products such as semiconductors Cost Accounting 20 km Date NA Part 2. Journaline maturing cost transactions The Texas Company is a manfacturer of firearm equipment. During the month of July 2006, the firm hand the following transactions and incurred the following con Raw materials were purchased on credit for $30,000 Direct materials costing $15,000 and indirect materials costing 57,000 were used during the month Factory wages paid during the month totaled 23,650. The deductions were social security taxes, $1,000, medicare taxes, $200. Sederal income taxes, 51,522, and group insurance premiums, 3320 d. Direct labor costs were $40,000 and indirect labor costs were 56,627, as shown on the mary of factory wages for the month Part. Recorderup ventory. Destyle Meftucing Company wintins Sempervestory now for total Food from operation in the Molding Department. On Formy 15, 2017, 1.200 powode of sup with an estimated market value of $720 seferred from the factory to the orom. Direction. Use the came frend in your textbooks to do the following: Preper then you malestry to feed the song of the motor Credit Work Proce Prepare the goal ou anty to woord theme of 300 pounds of sept.55 poden credit. Impare the goalety to record the leer 500 pounds of empat 3.70 und of credit