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: 2 (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 summarize total costs to account for, and assign total costs to units completed and transferred out including normal spoilage), to abnormal spoilage, and to unite in ending work in process, 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 spoilage Abnormal spoilage Work in process, ending Accounted for Enter any number in the edit fields and then click Check Answer Data Table Conversion Direct Materials $0 0% Costs $6,300 80% Physical Transferred-in The Victoria Company: Packaging Dept. Units Costs Work-in-process, beginning inventory (May 1) 21,000 $16,175 Degree of completion of beginning work-in-process 100% 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 100% 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 0% $1,800 50% $14,000 100% 100% 100% 100% Print Done Data Table - X Total Conversion Direct Materials Production Costs Costs 90,320 $ 97,720 $ 64,059 7,400 64,059 0 161,779 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 Work in process, ending 203,700 305,612 126,611 101,912 84,390 42.221 594,002 91,684 291,035 976.721 S 61.110 232,800 30,574 58 235 672,320 $ Total costs accounted for 304,401 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, une the FIFO method to summarize total cost to account for, and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spollage, 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
