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. B (Click the icon to view the data.) |(Click the icon to view the equivalent unit computation.) Read the requirement. - Data table Begin by summarizing the total costs to account for. Total Physical Units Direct Conversion Production CI Materials $3,448 Costs $571 a Total costs to account for (Pennants) Work in process, November 19 1,350 Started in November 2017 ? Good units completed and transferred out during November 2017 9,500 Normal spoilage 160 Abnormal spoilage 40 Work in process, November 306 1,700 Total costs added during November 2017 a Degree of completion: direct materials, 100%; conversion costs, 45%. "Degree of completion: direct materials, 100%; conversion costs, 10%. Next, calculate cost per equivalent unit for direct materials and cony Di $11,600 $32,000 Mat b Divide by: 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. (Click the icon to view the data.) |(Click the icon to view the equivalent unit computation.) Read the requirement. Data table - Begin by summarizing the total costs to account for. Equivalent Units Total Direct Conversion Production Cost Materials Costs 9,500 9,500 Flow of Production Completed and transferred out during current period Normal spoilage Abnormal spoilage 160 160 Total costs to account for 40 40 Next, calculate cost per equivalent unit for direct materials and convers Work in process, ending 1,700 170 Dired 11,400 9,870 Equivalent units of work done to date Materi 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. (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 Requirement Production Cost 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 inventory. Total costs to account for Next, calculate cost per equivalent unit for direct materials and convers Dired Print Done Materi Begin by summarizing the total costs to account for. Total Direct Conversion Production Costs Materials 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 Conversion Materials Costs Divide by: Cost per equivalent unit for work done to date Finally, assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. (Round your answers to the nearest whole dollar.) Finally, assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. (Round your answers to the nearest whole dollar.) Total Direct Conversion Production Costs Materials Costs Good units completed and transferred out Total cost of good units completed and transferred out 0 Time Remaining: 01:17:33 Next