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please help me with this requirement Consider the following data for November 2017 from MacLean Manufacturing Company, which makes silk pennants and uses a process-costing
please help me with this requirement
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. unit - X i Data Table ion Physical Units Direct Conversion (Pennants) Materials Costs 1,350 $966 $711 Work in process, November 18 Started in November 2017 Good units completed and transferred out during November 2017 8,800 Normal spoilage 80 Abnormal spoilage 50 1.700 Work in process, November 305 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% Data Table X Equivalent Units Direct Conversion Flow of Production Materials Costs 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 80 80 50 50 1.700 595 9.280 8918 Work done in current period only Print Done - X Requirement 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. Print DoneStep by Step Solution
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