Process Costing with Spoilage Free work cells Answer cells Jones Company records the following figures for the month: Physical Units Direct Material 200 Transferred-In Cost $3,000 100% $75,000 $4,500 75% $115,000 Conversion Cost $3,500 35% $86,000 Beginning WIP Beginning WIP %-Complete Units Started / Added-in Units Completed and Transferred to FG Spoiled Units Ending WIP Ending WIP %-Complete 4,500 4,350 110 240 100% 60% 20% *Normal Spoilage Rate 2% *Inspection occurs when a physical unit has the following %-Completion: 100% 100% 90% (1) Using the weighted average method, calculate the total cost that will be transferred to FG Inventory, expensed immediately, and remain in ending WIP. Beginning Added Total To Account For Completed & Transferred-Out N.Spoilage A. Spoilage Ending Total Accounted For Physical Units Transferred. In % Complete EU $/EU S Direct Mati % Complete EU S/EU S Conversion % Complete EU S/EU Total Cost Cost transferred to FG Inventory Cost immediately expensed as Loss Cost remaining in ending WIP Inventory Process Costing with Spoilage Free work cells Answer cells Jones Company records the following figures for the month: Physical Units Direct Material 200 Transferred-In Cost $3,000 100% $75,000 $4,500 75% $115,000 Conversion Cost $3,500 35% $86,000 Beginning WIP Beginning WIP %-Complete Units Started / Added-in Units Completed and Transferred to FG Spoiled Units Ending WIP Ending WIP %-Complete 4,500 4,350 110 240 100% 60% 20% *Normal Spoilage Rate 2% *Inspection occurs when a physical unit has the following %-Completion: 100% 100% 90% (1) Using the weighted average method, calculate the total cost that will be transferred to FG Inventory, expensed immediately, and remain in ending WIP. Beginning Added Total To Account For Completed & Transferred-Out N.Spoilage A. Spoilage Ending Total Accounted For Physical Units Transferred. In % Complete EU $/EU S Direct Mati % Complete EU S/EU S Conversion % Complete EU S/EU Total Cost Cost transferred to FG Inventory Cost immediately expensed as Loss Cost remaining in ending WIP Inventory