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Please finish the entire problem. = Homework: Chapter 18 Exercises Question 5, E18-24 (boo. Part 2 of 5 HW Score: 65.63%, 13.13 of 20 points
Please finish the entire problem.
= Homework: Chapter 18 Exercises Question 5, E18-24 (boo. Part 2 of 5 HW Score: 65.63%, 13.13 of 20 points Points: 0.13 of 3 O Save Consider the following data for November 2017 from MacLean Manufacturing Company, which makes silk pennants and uses a process-costing system. All direct materials are added at the beginning of the process, and conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value. MacLean Manufacturing Company uses the FIFO method of process costing. Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Read the requirement Data table Begin by summarizing the total costs to account for. Work in process, beginning Costs added in current period Total Direct Conversion Production Costs Materials Costs 1,677 $ 966' $ 711 40.357 10,302 30,055 $ 42,034 $ 11.268 30,766 Physical Units Direct Conversion (Pennants) Materials Costs Work in process, November 18 1,350 $966 $711 Started in November 2017 ? Good units completed and transferred out during November 2017 8,800 Normal spoilage 80 Abnormal spoilage 50 Work in process, November 306 1,700 Total costs added during November 2017 $10,302 $30,055 Degree of completion direct materials, 100%; conversion costs, 45%. Degree of completion direct materials, 100%; conversion costs, 35% Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs. (Round your answers to the nearest cent.) Direct Conversion Materials Costs Divide by - Cost per equivalent unit Data table - X Requirement Equivalent Units Direct Conversion Materials Costs Flow of Production Summarize the total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs; and assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process 0 743 7,450 7,450 Good units completed and transferred out during current period: From beginning work in process Started and completed Normal spoilage Abnormal spoilage Work in process, ending Work done in current period only 80 80 I Print Done 50 1,700 50 595 9,280 8,918 Help me solve this Etext pages Get more helpStep by Step Solution
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