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Question 2 4 Retaken 0 8 points Edwards manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production
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Edwards manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection occurs when units are converted. Normal spoilage, if any, generally constitute of the good units units that successfully passed the inspection in current month. Company use Weighted Average method.
Data for May are as follows:
WIP, beginning inventory
units
Direct materials complete
Conversion costs complete
Started during December
units
Completed and transferred out units
WIP, ending inventory units
Direct materials complete
Conversion costs complete
Costs for December:
WIP, beginning Inventory:
tableDirect materials,$
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