Consider the following data for November 2017 from Gray Manufacturing Company, which makes silk pernants and uses a process costing system. Al 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 loro net disposal value. Gray Manufacturing Company uses the FIFO 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 cont.) Direct Conversion Materials Costs Divide by Cost per equivalent unit Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Consider the following data for November 2017 from Gray Manufacturing Company, which makes silk perants and uses a process conting system. Al direct materials are added at the beginning of the proons, and conversion costs are added evenly during the process Spoilage is detected upon inspection at the completion of the process. Spoled units are disposed of at zer net disposal value. Gray Manufacturing Company use the FIFO method of process costing. M(Click the loon to view the data.) TT (Click the icon to view the equivalent unit computation) Read the requirement your answers to the nearest dolor.) Total Direct Conversion Production Costs Materials Costs Completed and transferred out Total from beginning inventory before normal spolage Total cost of its completed and transferred out Total costs accounted for Choose from any ist or enter any number in the input fields and then continue to the next question Save for Later MacBook Pro umme zing the total costs to account for. Tot Production Costs added in current period Costs incurred to date | Equivalent units of work done in current period Work in process, beginning Work in process, ending erials and con Divide by: Cost per equivalent unit Choose from any list or enter any number in the input fields and the Save for Later Completed and transferred out: Abnormal spoilage Costs added to beginning inventory before normal spoilage Equivalent units of work done in current period Normal spoilage Started and completed before normal spoilage Work in process, beginning Work in process, ending Total costs accounted for Choose from any list or enter any number in the input fields and then continu Save for Later ufacturing Company, which makes silk pennants and uses a process-costing system. All dire me is detected upon inspection at the completion of the process. Spoiled units are disposed of 6 Data Table Direct Conversion Materials $1,614 Costs $1,928 Physical Units (Pennants) Work in process, November 1a 1,300 Started in November 2017 ? Good units completed and transferred out during November 2017 8,700 Normal spoilage 110 Abnormal spoilage 70 Work in process, November 30 1,900 Total costs added during November 2017 Degree of completion direct materials, 100%. conversion costs. 60% Degree of completion direct materials, 100% conversion costs, 25% als $11,376 $27,440 Print Done input fields and then continue to the next question. . 20 FS F4 A & * co a $ 4 % 5 6 6 7 Manufacturing Company, which makes silk pennants and uses a process-costing system. All direct ma Silage is detected upon inspection at the completion of the process Spoiled units are disposed of at ze Data Table - Equivalent Units Direct Conversion Materials Costs 0 520 Flow of Production Good units completed and transferred out during current period: From beginning work in process Started and completed Normal spoilage Abnormal spollage Work in process, ending 7,400 7,400 110 terid 70 1,900 110 70 475 9,480 8.575 Work done in current period only Print Done the input fields and then continue to the next question 75 180 F4 F3 k & 0 %
