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Intel Textiles Company makes silk banners and uses the weighted average method of process coating. Direct materials are added at the beginning of the process,
Intel Textiles Company makes silk banners and uses the weighted average method of process coating. Direct materials are added at the beginning of the process, and conversion coats are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of al zero nel disposal value. (Click the loon to view the process costing data.) Determine the equivalent units of work done in July, and calculate the cost of units completed and transferred out (including normal spoilage), the cost of abnormal spoilage, and the cost of units in ending inventory. Determine the equivalent units of work done in July. Enter the physical units in first, then calculate the equivalent units. Data Table Physical Units Direct Conversion Flow of Production Work in process beginning Materials $110,000 Costs $2,000 Started during current period To account for Completed and transferred out during current period Normal spoilago Abnormal spoilage Work in process, ending , Physical Units (Banners) Work in process, (July 17" 1,400 Started in July 2020 ? Good units completed and transferred out in July 50,000 Normal spoilage 4,000 Abnormal spoilage 6,000 Work in process, July 316 5,000 Total costs added during July 2020 5 Degree of completion: direct materials 100%; conversion costs, 50% "Degree of completion: direct materials, 100%; conversion costs 50% $150,000 $28,000 Accounted for Equivalent units of work done to date Print Done Enter any number in the edit fields and then click Check
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