In Victoria 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 FIFO method to surnmarize total costs 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, Physical Units Flow of Production Work in process, beginning Started during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Normal ennilsne Enter any number the edit fields and then click Check Answer. 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 departe ww pracao, anu unlecu materials are added at the end of the process. S sferred-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. y data for May also follows: k the icon to view the summary data.) (Click the icon to view the Cleaning department costs.) d backa poila (includ Data Table - ncos e phy Total Direct Conversion Production Costs Materials Costs $ 90.320 $ 7,400 97,720 S 64,059 proc 0 64,059 durin Completed and transferred out: Work in process, beginning Costs added to beginning inventory before normal spoilage Total from beginning inventory before normal spoilage Started and completed before normal spoilage Normal spoilage Total costs of units completed and transferred out Abnormal spoilage 161,779 305,612 126,611 -unt to 203,700 101.912 led a 84.390 42.221 594,002 n beg Eted a so 91,684 291,035 61, 110 232.800 30,574 58,235 Work in process, ending $ 976,721 $ 672320 $ Total costs accounted for 304,401 y nud Me Answer Print Print Done I way Fue creaning department, which are shown bel or May also follows: on to view the summary data.) (Click the icon to view the Cleaning department costs.) Data Table Transferred-in Direct Conversion Costs $16.175 100% Materials $0 0% Costs $6,300 80% Physical The Victoria Company: Packaging Dept. Units Work-in-process, beginning inventory (May 1) 21,000 Degree of completion of beginning work-in-process Started during May 2,900 Good units completed and transferred out during May 21,500 Work-in-process, ending inventory (May 31) 800 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% ? 0% $1,800 50% $14,000 100% 100% 100% 100% Print Done olve This e Text Pages Get More Help Clear All Check Ans
