Homework: Chapter 18 Assignment Part 1 of 5 Question 1 Score: 0 of 1 point Save In Victory Company's packaging department, conversion costs are added evenly during the process, and direct materials are added at the end of the process. Spoiled units are detected upon inspection at the end of the process and are disposed of at zero net disposal value. All completed work is transferred to the next department. The transferred-in costs for May equal the total cost of good units completed and transferred out in May from the cleaning department, which are shown below. Summary data for May also follows: (Click the icon to view the summary data.) (Click the icon to view the Cleaning department costs.) Required For the packaging department use the weightec-average method to summarize total costs to account for and assign total costs to units completed and transferred out (including normal spoilage), to abrormal spoilage, and to units in ending work in process. More Info Data Table Cost of goods completed and transferred out from the cleaning department: Direct Conversion Total Conversion Costs Materials SO 0% Direct Materials Costs $9.200 80% Production Costs $ 35,984 $ 19,141 Physical Transferred-in The Victory Company: Packaging Dept. Units Costs Work-in-process, beginning inventory (May 1) 12,000 $16,175 Degree of completion of beginning work-in-process 100% Started during May 19,000 Good units completed and transferred out during May 17,000 Work-in-process, ending inventory (May 31) 12,000 Degree of completion of ending work-in-process 100% Total costs added during May ? Normal spoilage as a percentage of good units Degree of completion of normal spoilage Degree of completion of abnormal spoilage 55,125 $ 5,512 3,598 1,914 0% $1,900 35% $14,000 Good units completed and transferred out Cost before adding normal spoilage Normal spoilage Total cost of good units completed and transferred out Abnormal spoilage Work in process, ending 60,637 100% 100% 100% 100% 19,149 17,972 12,500 15,151 6,649 2,821 Total costs accounted for 97,758 $ 67,233 $ 30,525 Print Done Print Done Print Done Enter any number in the edit fields and then click Check Answer. Help Me Solve This e Text Pages Get More Help Clear All Check Answer Homework: Chapter 18 Assignment Part 1 of 5 Question 1 Score: 0 of 1 point Save In Victory Company's packaging department, conversion costs are added evenly during the process, and direct materials are added at the end of the process. Spoiled units are detected upon inspection at the end of the process and are disposed of at zero net disposal value. All completed work is transferred to the next department. The transferred-in costs for May equal the total cost of good units completed and transferred out in May from the cleaning department, which are shown below. Summary data for May also follows: (Click the icon to view the summary data.) (Click the icon to view the Cleaning department costs.) ) Required For the packaging department use the weighted-average method to summarize total costs to account for and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. For each cost category, calculate equivalent units. Show physical units in the first column of your schedule. Enter the physical units in first, and then calculate the equivalent units. (Enter an amount in each input cell. If the balance is zero, enter "O".) - X Physical Units Data Table Flow of Production Direct Work in process, beginning Started during current period To account for Completed and transferred out during current period Normal spoilage Abnormal spoilage Work in process, ending Transferred-in Costs S16,175 100% Materials $0 0% Conversion Costs $9,200 80% Physical The Victory Company: Packaging Dept. Units Work-in-process, beginning inventory (May 1) 12.000 Degree of completion of beginning work-in-process Started during May 19,000 Good units completed and transferred out during May 17,000 Work-in-process, ending inventory (May 31) 12.000 Degree of completion of ending work-in-process Total costs added during May Normal spoilage as a percentage of good units 5% Degree of completion of normal spoilage Degree of completion of abnormal spoilage 100% 100% ? 0% S1.900 35% $14,000 Accounted for Work done to date 100% 100% 100% 100% Enter any number in the edit fields and then click Check Answer. Print Done Help Me Solve This e Text Pages Get More Help ck Answer Homework: Chapter 18 Assignment Part 1 of 5 Question 1 Score: 0 of 1 point O Save In Victory Company's packaging department, conversion costs are added evenly during the process, and direct materials are added at the end of the process. Spoiled units are detected upon inspection at the end of the process and are disposed of at zero net disposal value. All completed work is transferred to the next department. The transferred-in costs for May equal the total cost of good units completed and transferred out in May from the cleaning department, which are shown below. Summary data for May also follows: (Click the icon to view the summary data.) (Click the icon to view the Cleaning department costs.) ) Required For the packaging department use the weightec-average method to summarize total costs to account for and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. - X More Info For each cost category, calculate equivalent units. Show physical units in the first column of your schedule. Enter the physical units in first, and then calculate the equivalent units. (Enter an amount in each input cell. If th Cost of goods completed and transferred out from the cleaning department: Total Direct Conversion Physical Units Flow of Production Production Costs Materials Costs S 35.984 S 19,141 55,125 $ 5,512 3,598 1.914 Work in process, beginning Started during current period To account for Completed and transferred out during current period Normal spoilage Abnormal spoilage Work in process, ending Good units completed and transferred out Cost before adding normal spollage Normal spoilage Total cost of good units completed and transferred out Abnormal spoilage Work in process, ending Total costs accounted for 60,637 6,649 19,149 17,972 12.500 15,151 2,821 S 97,758 $ 67.233 S 30,525 Accounted for Work done to date Print Done Enter any number in the edit fields and then click Check Answer. Help Me Solve This e Text Pages Get More Help Clear All Check