In Winnipeg 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 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. Equivalent Units Physical Transferred- Direct Conversion Flow of Production Units In Costs Materials Costs Work in process, beginning 7.500 18,500 Started during current period To account for 26,000 Completed and transferred out during current period: Frorri beginning work in process 7,500 Started and completed 7,500 Normal spoilage 750 Abnormal spoilage 250 Work in process, ending 10,000 Accounted for 26,000 Work done to date 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 In Winnipeg 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 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 un Data Table Enter the physical units in first, and then calcula Transferred-in Direct Costs $16,125 100% Materials $0 0% Conversion Costs $6,125 80% Flow of Production Physical The Winnipeg Company: Packaging Dept. Units Work-in-process, beginning inventory (May 1) 7,500 Degree of completion of beginning work-in-process Started during May 18,500 Good units completed and transferred out during May 15,000 Work-in-process, ending inventory (May 31) 10,000 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% ? 0% $1,600 $ 25% $12,375 100% 100% 100% 100% Work in process, beginning Started during current period To account for Completed and transferred out during current p From beginning work in process Started and completed Normal spoilage Abnormal spoilage Work in process, ending 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 Answer In Winnipeg 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.) BAB Click the icon to win the Cleaning dapatment cost Required - - X For the packaging department, use the FIFO meth Data Table mal spoilage, and to units in ending work in process. Total Conversion For each cost category, calculate equivalent un Direct Materials Production Costs Costs Enter the physical units in first, and then calcula $ 4,500 $ 2,500 $ 2,000 500 0 500 Flow of Production 5,000 16,000 16,000 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 Total costs accounted for 32,000 3,700 1.850 1,850 40,700 650 1,300 5,000 650 4.000 1.000 $ 47,000 $ Work in process, beginning Started during current period To account for Completed and transferred out during current pl From beginning work in process Started and completed Normal spoilage Abnormal spoilage Work in process, ending Accounted for Work done to date 22.000 25,000 $ Print Print Done Enter any number in the edit fields and then click Check Answer. 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