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(Marks) Bubba's Dept A uses a process-costing system (Weighted Avg Method). Direct materials are added at the beginning of the process. Consider the following data:
(Marks) Bubba's Dept A uses a process-costing system (Weighted Avg Method). Direct materials are added at the beginning of the process. Consider the following data: Units 9,000 10,000 D.M($) $250,000 Conv ($) $50,000 WIP (Beg) Spoiled Units Goods Completed and Transferred Out Started in Mth WIP (End) Costs Added in Mth 60,000 71,000 10,000 $2,000,000 $1,000,000 Degree of Completion: Opening WIP 100.00% DM; 25.00% Conv Ending WIP 100.00% DM; 75.00% Conv Normal Spoilage: 10.00% of Good Units Transferred; Inspection occurs when product completed REQUIRED: a) Determine the # normal and abnormal spoilage (physical units) produced in period b) Compute the equivalent # of units for the current period c) Calculate costs per Equivalent Unit #2. (6 Marks) Tron Industries produces electronic equipment and uses backflush costing. There are no beginning inventories of raw materials or finished goods See below for the followme
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