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Hi I got the answers very wrong the first time as seen, but the photos are for layout reference and looking for help to see
Hi I got the answers very wrong the first time as seen, but the photos are for layout reference and looking for help to see where the numbers came from! Thanks in advance
Consider the following data for November from Gray 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 price. Gray 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.) Required Summarize total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, 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. Data table Data table Finally, assign total 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.)Step by Step Solution
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