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Quebec Manufacturing is a furniture manufacturer with two departments: Moulding and Finishing. The company uses the weighted-average method of process costing. In August, the following
Quebec Manufacturing is a furniture manufacturer with two departments: Moulding and Finishing. The company uses the weighted-average method of process costing. In August, the following data were recorded for the Finishing department: (Click the icon to view the Finishing department data.) Conversion costs are added evenly during the process. Direct materials costs are added when production is 90% complete. The inspection point is at the 80% stage of production. Normal spoilage is 10% of all good units that pass inspection. Spoiled units are disposed of at zero net disposal value. Requirement For August, summarize total costs to account for, and assign these costs to units completed and transferred out (Including normal spollage), to abnomal spollage, and to units in ending work in process - X Data Table Requirement. For each cost category, calculate equivalent units. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units. (Enter an amount in each input cell. If the balance is zero, enter "O") 18,000 25% Physical Units $ 0 Flow of Production Work in process beginning Started during current period 91,000 66.000 28,500 95% 12,500 To account for Completed and transferred out during current period Normal spoilage on good units Work in process, ending Normal spoilage on ending WIP Abnormal spoilage Accounted for Work done to date Units of beginning work-in-process inventory Percentage completion of beginning work-in-process units Cost of direct materials in beginning work in process Units started Units completed Units in ending Inventory Percentage completion of ending work-in-process units Spoiled units Total costs added during current period: Direct materials Direct manufacturing labour Manufacturing overhead Work in process, beginning: Transferred-in costs Conversion costs Cost of units transferred in during current period $ 822.500 $ 798,000 $ 773,500 $ 107,000 $ 53,500 $ 811,000 Enter any number in the edit fields and then click Check Answer. ( Print Print Done Help Me Solve This e Text Pages Get More Help wer
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