Consider the following data for november 2017 from Fenton Manufacturing company.
LUS data for November 2017 from Fenton Manufacturing Company, which makes silk pennants and uses a process costing system at the beginning of the process, and conversion costs are added evenly dunng the process. Spoilage is detected upon inspection a d units are disposed of at zero net disposal value. Fenton Manufacturing Company uses the weighted average method of process view the data Data Table X SIL the total co Direct Conversion Materials $3,653 Costs $702 1 for Physical Units (Pennants) Work in process, November 18 1125 Started in November 2017 Good units completed and transferred out during November 2017 8.800 Normal spoilage 130 Abnormal spoilage 65 2.400 Work in process, November 300 Total costs added during November 2017 Degree of completion direct materials. 100% conversion costs. 45% Degree of completion direct materials, 100% conversion costs 30% Der equivalen $12,300 $26,500 Print Done unit for work s to units completed and transferred out (including normal spoilage) to abnormal spoilage, and to units in ending work in process (Re St or enter any number in the input fields and then continue to the next question opullaye is detected up mits are alsposed of at zero net disposal value. Fenton Manufacturing Company uses the weighted average me the data.) (Click the icon to view the equivalent unit computation.) * Data Table total costs Equivalent Units Direct Conversion Materials Costs 8.800 Flow of Production Completed and transferred out during current period Normal spoilage Abnormal spoilage 8,800 130 130 equivalent up 65 2,400 65 720 Work in process, ending 11395 9.715 Equivalent units of work done to date Print Done for work don! units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work is and then continue to the next question Question Help Consider the following data for November 2017 from Fenton 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. Fenton Manufacturing Company uses the weighted-average method of process costing EB (Click the icon to view the data.) (Click the icon to view the Begin by summarizing the total costs to account for Consider the following data for November 2017 from Fenton Manufacturng Company, which makes silk pennants and uses a process-costing system All direct materials are added at of the process. Spoiled units are disposed of at zero net disposal value. Fenton Manufacturing Company uses the weighted average method of process costing (Click the icon to view the data.) Click the icon to view the equivalent unit computation) Read the requirement Begin by summarizing the total costs to account for Total Production Costs Direct Materials Conversion Costs Total costs to account for Next calculate cost per equivalent unit for direct materials and conversion costs. (Round your answers to the nearest cent Direct Materials Conversion Costs Divide by Cost per equivalent unit for work done to date Finally, assign costs to units completed and transferred out (including nommal spolage) to abnormal spolage, and to unitsin ending work in process (Hound your answers to the nearest w Total Conversion Direct Materials Production Costs Costs Good units completed and transferred out Total cost of good units completed and transferred out Total costs accounted for Choose from any est or enter any number in the input fields and then continue to the nud question Sve for later nearest Requirement - X 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. d to uni Print Done nd your Costs
