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Problem Seven (5 ponts) O Kelly Eire, Inc uses a weighted-average process costing system that calculates normal rework as 2% of the units passing inspection
Problem Seven (5 ponts) O Kelly Eire, Inc uses a weighted-average process costing system that calculates normal rework as 2% of the units passing inspection The inspection point is at the 75% point and units failing inspection are returned to the 40% point. During the current period, 52000 units were started: 62,000 units inspected, and 52,000 units completed Direct matenai is added at the 50% point and conversion costs occur uniformly. Beginning work in process was 10,000 units, 55% complete and ending work in process was 8,000 units, 85% complete. Costs per equivalent unit for material were $1.00 and $3.00 for conversion costs Calculate the number of units reworked
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