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Covy 19 Co. manufactures dairy products and has the following data for the month of December: WIP beginning units, 30% completed -------5,000 Started in process

Covy 19 Co. manufactures dairy products and has the following data for the month of December:

WIP beginning units, 30% completed -------5,000

Started in process units -------10,000

Normal spoilage units -------1,000

Abnormal spoilage units -------500

WIP ending units, 60% completed -------600

Assume labor and factory overhead are applied throughout the process.

Required:Determine the stage of completion of materials and conversion cost under FIFO and Weighted Average if:

  • Inspection at the start and materials are added at the start of the process.
  • Inspection at the end and materials are added at the start of the process.
  • Inspection at the start and materials are added at the end of the process.
  • Inspection at the end and materials are added at the end of the process.

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