Question
Question 1. What is the total amount that should be debited to Spoiled Goods Inventory if spoilage (100 tops) was related to customization in Job
Question 1. What is the total amount that should be debited to Spoiled Goods Inventory if spoilage (100 tops) was related to customization in Job 9501?
Question 2. If the spoilage is not unique to Job 9501, what's the amount that should be entered for Spoiled Goods Inventory?
Question 3. If the spoilage (100 tops) is not unique to Job 9501, what's the amount that should be entered for MOH?
Question 4. If the spoilage (100 tops) is not unique to Job 9501, what's the amount that should be entered for WIP?
Question 5. What's the amount that should be entered for Loss from abnormal spoilage?
Question 6. Assume that 200 tops failed to meet quality control standards and spoilage was not related to the job. What's the journal entry to record the spoilage?
Spoiled Goods Inventory
MOH
WIP
Loss on abnormal spoilage
Problem C part of Job 9501. Amounts charged to Job # 9501 for the month: Direct materials $24,000; Direct labor $6,000; MOH $48,000 150 defective tops would be considered normal spoilage on a job of this size Tops that don't meet quality standards are sold as "seconds". Regular sales price per top 69.95 Seconds sales price per top $15.95Step by Step Solution
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