PLEASE FINISH THE TABLES. THANK YOU!
= Homework: Ch... Question 3, Exercise 19.... Part 3 of 3 HW Score: 82.91%, 2.49 of 3 points Points: 0.49 of 1 Save Consider the following data for November from Mundy 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 price. Mundy Manufacturing Company uses the weighted-average method of process costing. 6 Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Required Summarize total costs to account for calculate the cost per equivalent unit for direct materials and conversion costs, and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. Begin by summarizing the total costs to account for. Total Direct Conversion Production Costs Materials Costs Work in process, beginning $ 2,533 $ 1,423 $ 1,110 Costs added in current period 39,930 12,180 27,750 42,463 $ 13,603 $ 28,860 Total costs to account for Next, calculate cost per equivalent unit for direct materials and version costs. (Round your answers to the Direct Conversion Materials Costs Costs incurred to date $ 13,603 $ 28,860 11,150 Divide by: Equivalent units of work done to date 9,750 $ 1.22 $ 2.96 Cost per equivalent unit for work done to date est cent.) CA Finally, assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. (Round your answers to the nearest whole dollar.) Total Direct Conversion Production Costs Materials Costs Good units completed and transferred out Cost before adding normal spoilage 37,620 $ 10,980 $ 26,640 Normal spoilage Total cost of good units completed and transferred out Abnormal spoilage Work in process, ending 42,463 $ 13,603 $ 28,860 Total costs accounted for Data table Direct Materials $1,423 Conversion Costs $1,110 Physical Units (pennants) Work in process, November 18 1,000 Started during November ? Good units completed and transferred out during November 9,000 Normal spoilage 100 Abnormal spoilage 50 Work in process, November 306 2,000 Total costs added during November Degree of completion: direct materials, 100%; conversion costs, 50%. Degree of completion direct materials, 100%; conversion costs, 30% $12,180 $27,750 Print Done SER Data table Flow of Production Completed and transferred out during current period Normal spoilage Abnormal spoilage Work in process, ending Work done to date Equivalent Units Direct Conversion Materials Costs 9,000 9,000 100 100 50 50 2,000 600 11,150 9,750 Print Done
