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Please answer ALL requirements. E18-25 (final answer) A Question Help O Semichip is a fast-growing manufacturer of computer chips. Direct materials are added at the
Please answer ALL requirements.
E18-25 (final answer) A Question Help O Semichip is a fast-growing manufacturer of computer chips. Direct materials are added at the start of the production process. Conversion costs are added evenly during the process. Some units of this product are spoiled as a result of defects not detectable before inspection of finished goods. Spoiled units are disposed of at zero net disposal value. Semichip uses the weighted average method of process costing. Summary data for September 2014 are as follows: E: (Click the icon to view the data.) Requirements 1. For each cost category, compute equivalent units. Show physical units in the first column of your schedule. 2. Summarize the total costs to account for, calculate the cost per equivalent unit for each cost category, and assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. Requirement 1. For each cost category, compute equivalent units. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units. Physical Units Flow of Production Warl in nrnrnce herinninn Enter any number in the edit fields and then click Check Answer. A parts t remaining Clear All Check Answer Units Flow of Production Work in process beginning Started during current period To account for Completed and transferred out during current period Normal spoilage Abnormal spoilage Work in process, ending Started during current period To account for Completed and transferred out during current period Normal spoilage Abnormal spoilage Work in process, ending Accounted for Work done to date A Data Table Direct Materials $65,108 100% Conversion Costs $15,988 30% Physical Units (Computer Chips) Work in process, beginning inventory (September 1) 1,300 Degree of completion of beginning work in process Started during September 1,708 Good units completed and transferred out during September 1,900 Work in process, ending inventory (September 30) 530 Degree of completion of ending work in process Total costs added during September Normal spoilage as a percentage of good units Degree of completion of normal spoilage Degree of completion of abnormal spoilage 100% $575,596 20% $206,236 15% 100% 100% 100% 100% Print Print Done
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