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ONLY need help with question 33 Question 33 Question 32 Question 30 and 31 https://www.chegg.com/homework-help/questions-and-answers/fifo-method-spoilage-refer-information-problem-18-30-required-problem-18-30-using-fifo-met-q41116910?trackid=9QhQ2CRc FIFO method, packaging department (continuation of Problem 18-31). Refer to
ONLY need help with question 33 Question 33
Question 32 Question 30 and 31 https://www.chegg.com/homework-help/questions-and-answers/fifo-method-spoilage-refer-information-problem-18-30-required-problem-18-30-using-fifo-met-q41116910?trackid=9QhQ2CRc
FIFO method, packaging department (continuation of Problem 18-31). Refer to the information in Problem 18-32 except for the transferred-in costs for May, which equal the total cost of good units completed and transferred out in May from the cleaning department, which were calculated in Problem 18-31 using the FIFO method of process costing. 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. Weighted average method, packaging department (continuation of Problem 18-30). In Red Deer 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 were calculated in Problem 18-30 using the weighted average method of process costing. Summary data for May follow: A B C D E Physical Units 7,500 M Transferred-in Costs $16,125 100% Direct aterials $ 0 0% Conversion Costs $ 6,125 80% 3 18,500 15,000 10,000 The Red Deer Company: Packaging Department Work-in-process, beginning inventory (May 1) Degree of completion of beginning work-in-process 4 Started during May 5 Good units completed and transferred out during May 6 Work-in-process, ending inventory (May 31) 7 Degree of completion of ending work-in-process 8 Total costs added during May Normal spoilage as a percentage of good units 10 Degree of completion of normal spoilage 11 Degree of completion of abnormal spoilage Required 100% ? 0% $1,600 25% $12,375 9 5% 100% 100% 100% 100% For the packaging department, use the weighted average 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. FIFO method, packaging department (continuation of Problem 18-31). Refer to the information in Problem 18-32 except for the transferred-in costs for May, which equal the total cost of good units completed and transferred out in May from the cleaning department, which were calculated in Problem 18-31 using the FIFO method of process costing. 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. Weighted average method, packaging department (continuation of Problem 18-30). In Red Deer 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 were calculated in Problem 18-30 using the weighted average method of process costing. Summary data for May follow: A B C D E Physical Units 7,500 M Transferred-in Costs $16,125 100% Direct aterials $ 0 0% Conversion Costs $ 6,125 80% 3 18,500 15,000 10,000 The Red Deer Company: Packaging Department Work-in-process, beginning inventory (May 1) Degree of completion of beginning work-in-process 4 Started during May 5 Good units completed and transferred out during May 6 Work-in-process, ending inventory (May 31) 7 Degree of completion of ending work-in-process 8 Total costs added during May Normal spoilage as a percentage of good units 10 Degree of completion of normal spoilage 11 Degree of completion of abnormal spoilage Required 100% ? 0% $1,600 25% $12,375 9 5% 100% 100% 100% 100% For the packaging department, use the weighted average 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-processStep by Step Solution
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