923. The oonstant gross-margin percemge NRV amehod of int cot allocalsrm a) involves allocating costs in such a wwy. thet maintaining the same gros margin. percentage for sach product that was obained in reior veers b) involves allocating cosas in such a way that the overall gross margin peestage is idestical for the individual pmdicts c) is the same as the evimated NRV mehod. d) is the same a the sales-value at splitoff nethod 2-Q25)Cartwright Cusiom Carpentry manufactures chaies in its Processing Deprment Direct materials single kits for each unit. Cunversion costs are incumed evenly throughodun menins a Inspection takes place units are placed imo production. After inspr spoiled due to noedetectible mierial detecis. Namal spoilage unns generally constitale 3% of the good units. Duta provided for March 20XS are as follows re incladod at the inception of the production syel ndction cycle WIP, beginning inventory 3/1/20x5 Direct materials (100% complete) Comversion costs (89.59% complete) Started during March Completed and transferred out WIP, ending inventory 3/31/20X5 Direct materials (100 % complete) Conversion costs (75 % complete) Costs wIP, beginning inventory: Direct materials Conversion costs Direct materials added Conversion costs addedi 30,000 units 80,000 units 85,000 units 20,000 units S 70,000 40,000 160,000 120.000 024, What costs would be associated with nonmal and abnoemal spolage, respectively, using the FIFO method of process costing? a) $5,890.64; $9,133.20 b) $5.890.64: 55.826.00 c) $6,469.64, $7,690.36- d) $9,133.20; $5,026.80 025. Which of the following joumal entries correctly represents the transfer of completed goods for the current period using the FIFO method of process costing 10,560.28 Loss from Spoilage 10.560.28 5,026.80 a) Finished Goods b) Loss from Spoilage Finished Goods 5.026 80 327.251.00 c) Finished Goods 327.251 00 Work in Process 401,700.00 d) Finished Goods 401,700.00 Work in Process