Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 08, 2024

how would u do this with fifo with spoilage Physical Direct Conversion Units Materials Costs 1,350 $966 $711 8,000 80 Beginning WIP - Nov 1

how would u do this with fifo with spoilage
Physical Direct Conversion Units Materials Costs 1,350 $966 $711 8,000 80 Beginning WIP - Nov 1 Started in Nov Good units completed and transferred out in Nov Normal Spoilage Abnormal Spoilage Ending WIP - Nov 30 Total costs added during Now Degree of completion - Beg WIP Degree of completion - Ending WIP 1,700 $10,302 100% 100% $30,055 45% 35%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What are some of the benefits of being a critical thinker? (p. 231)

Answered: 1 week ago

Question

★★★★★

In your community, some employers maintain stable workforces at all costs, and others furlough and recall workers seemingly at the drop of a hat. What are the differences in markets, management,...

Answered: 1 week ago

Question

★★★★★

The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31 a. On July 31, the company's Cash account has a $25,822...

Answered: 1 week ago

Question

★★★★★

Based on the following information, what amounts should be added to Box 5 and Box 12 of schedule D. Be sure to show calculations. MTC is a Subchapter S corporation located at 100 St. Charles Avenue,...

Answered: 1 week ago

Question

★★★★★

Assignment question Sam owns a gift shop which sells a range of gifts, cards and jewellery. Sam prides himself on only sourcing and selling handmade items from independent crafts people. He decides...

Answered: 1 week ago

Question

★★★★★

A company pays an annual insurance premium. On 1 September 20X7 it paid $6,000 for the 12 months ended 31 August 20X8. On 1 September 20X8 it paid $7,200 for the 12 months ended 31 August 20X9. 1)...

Answered: 1 week ago

Question

★★★★★

Make an argument as to why Arnold Schwarzenegger's character in the movie would have a good argument for Fraudulent Misrepresentation. TITLE OF VIDEO: Mexican Turbo Man - Jingle All the Way (FIRST...

Answered: 1 week ago

Question

★★★★★

Based on the information given in the figure, determine the necessary power input to the compressor (Win). Yout=26 kJ/kg P = 600 kPa T2=600 K Air m = 0.02 kg/s P = 100 kPa T = 480 K Win = ?

Answered: 1 week ago

Question

★★★★★

Read the article, "This Map Shows the Scale of the 16th- and 17th-Century Scottish Witch Trials" located in the module resources. When reviewing this article, you may consult the map or the text. As...

Answered: 1 week ago

Previous Question Next Question