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question 1, what is the work in process(ending inventory), equivalent units for conversion costs, respectively, for July when using the weighted average cost? question 2,what
question 1, what is the work in process(ending inventory), equivalent units for conversion costs, respectively, for July when using the weighted average cost?
question 2,what is the normal spoilage physical units, respectively, for July when using the weighted average method?
question 3, what is the equivalent cost per unit for direct material respectively, using the weighted average method of process costing respectively?
Tidy Office Supplies manufactures desk organizers in its Processing Department. Direct materials are added at the beginning of the process and conversion costs are incurred evenly throughout the production cycle. Inspection takes place at the end of the process and spoiled units constitute 4% of the good units. Data provided for July are as follows: 20,000 units WIP, beginning inventory July 1 Direct materials (100% complete) Conversion costs (50% complete) Started during July Completed and transferred out 82,000 units 80,000 units 15,000 units WIP, ending inventory July 31 Direct materials (100% complete) Conversion costs (25% complete) Direct materials work done to date, July 31 Conversion costs work done to date, July 31 102.000 equivalent units 90.750 equivalent units Costs WIP, beginning inventory: Direct materials Conversion costs Direct materials added Conversion costs added $150,000 44,000 207,000 137 500 Required. Submit your writtStep by Step Solution
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