Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Work in process beginning Started during current period To account for Completed and transferred out during current period 1,000 2,780 3,780 1,000 1,600 390 290 500 3,780 700 1,600 390 290 150 From beginning work in process Started and completed Normal spoilage Abnormal spoilage Work in process, ending 1,600 390 290 500 2.780 3,130 Equivalent units of work done in current period Requirement 2. Summarize total costs to account for, calculate the cost per equivalent unit for each cost category; and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. Begin by summarizing the total costs to account for Total Direct Conversion Production Costs Materials Costs Work in process, beginning Costs added in current period Total costs to account for Next calculate cost per equivalent unit for each cost category. (Enter your answers to the nearest cent.) 15,810 272,310 1,021,440 S 733,320 $ 288,120 176,450 S 160,640$ 844,990 572,680 Direct Conversion Materials Costs Costs added in current period Divide by: Equivalent units of work done in current period Cost per equivalent unit for work done to date Finally assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. (Complete all answer boxes. Round your answers to the S 572,680$ 272,310 3,130 87.00 2,780 S 206.00 $ nearest whole dollar. Note that the total costs accounted for may not equal the total costs to account for due to rounding.) Choose from any list or enter any number in the input fields and then click Check Answer. Production Costs Materials Costs Completed and transferred out: Work in process, beginning 176,450 160,640 $ 15,810 60,900 237,350 468,800 114,270 820,420 84,970 116,050 Costs added to beginning inventory before normal spoilage 60,900 Total from beginning inventory before normal spoilage Started and completed before normal spoilage Normal spoilage 329,600 139,200 80,340 33,930 Total costs of units completed and transferred out Abnormal spoilage Work in process, ending Total costs accounted for 59,740 25,230 13,050 288,120 103,000 ,021,440$ 733,320 $ Requirement 3. Should Wintel's managers choose the weighted-average method or the FIFO method? Explain briefly. The FIFO ending inventory is method also assigns $ cost of units completed and transferred out and a than the weighted-average ending inventory by $ in costs to spoilage. As a result, the FIFO method results in a relatively The FIFO ending work-in-process inventory Choose from any list or enter any number in the input fields and then click Check Answer Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Work in process beginning Started during current period To account for Completed and transferred out during current period 1,000 2,780 3,780 1,000 1,600 390 290 500 3,780 700 1,600 390 290 150 From beginning work in process Started and completed Normal spoilage Abnormal spoilage Work in process, ending 1,600 390 290 500 2.780 3,130 Equivalent units of work done in current period Requirement 2. Summarize total costs to account for, calculate the cost per equivalent unit for each cost category; and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. Begin by summarizing the total costs to account for Total Direct Conversion Production Costs Materials Costs Work in process, beginning Costs added in current period Total costs to account for Next calculate cost per equivalent unit for each cost category. (Enter your answers to the nearest cent.) 15,810 272,310 1,021,440 S 733,320 $ 288,120 176,450 S 160,640$ 844,990 572,680 Direct Conversion Materials Costs Costs added in current period Divide by: Equivalent units of work done in current period Cost per equivalent unit for work done to date Finally assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. (Complete all answer boxes. Round your answers to the S 572,680$ 272,310 3,130 87.00 2,780 S 206.00 $ nearest whole dollar. Note that the total costs accounted for may not equal the total costs to account for due to rounding.) Choose from any list or enter any number in the input fields and then click Check Answer. Production Costs Materials Costs Completed and transferred out: Work in process, beginning 176,450 160,640 $ 15,810 60,900 237,350 468,800 114,270 820,420 84,970 116,050 Costs added to beginning inventory before normal spoilage 60,900 Total from beginning inventory before normal spoilage Started and completed before normal spoilage Normal spoilage 329,600 139,200 80,340 33,930 Total costs of units completed and transferred out Abnormal spoilage Work in process, ending Total costs accounted for 59,740 25,230 13,050 288,120 103,000 ,021,440$ 733,320 $ Requirement 3. Should Wintel's managers choose the weighted-average method or the FIFO method? Explain briefly. The FIFO ending inventory is method also assigns $ cost of units completed and transferred out and a than the weighted-average ending inventory by $ in costs to spoilage. As a result, the FIFO method results in a relatively The FIFO ending work-in-process inventory Choose from any list or enter any number in the input fields and then click Check
