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QUESTION 3 Fish Fillet Incorporated obtains fish and then processes them into frozen fillets and then prepares the frozen fish fillets for distribution to its

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QUESTION 3 Fish Fillet Incorporated obtains fish and then processes them into frozen fillets and then prepares the frozen fish fillets for distribution to its retail sales department. Direct materials are added at the initiation of the cycle. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some fillets are spoiled due to nondetectible defects. Inspection occurs when units are 50% converted. Spoiled fillets generally constitute 5% of the good fillets. Data for April 2015 are as follows: 95,000 fillets WIP, beginning inventory 4/1/2015 Direct materials (100% complete) Conversion costs ( 40% complete) Started during April Completed and transferred out 4/31/2015 WIP, ending inventory 4/31/2015 Direct materials (100% complete) Conversion costs (25% complete) 132,000 fillets 190,000 fillets 23,000 fillets Costs for April: WIP, beginning Inventory: Direct materials Conversion costs Direct materials added Conversion costs added $131,000 97,910 304,840 287,315 What cost is allocated to abnormal spoilage using the weighted-average process-costing method? $0 O $8576 O $8623 O $17,199 QUESTION 4 Outose Concept 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. Before inspection, some units are spoiled due to nondetectible materials defects. Inspection occurs when units are 50% converted. Spoiled units generally constitute 5% of the good units. Data for December 2015 are as follows: 23,000 units WIP, beginning inventory 12/1/2015 Direct materials (100% complete) Conversion costs (45% complete) Started during December Completed and transferred out 1431/2015 WIP, ending inventory 12/31/2015 Direct materials (100% complete) Conversion costs (65% complete) 76,500 units 72,100 units 19,000 units Costs for December: WIP, beginning Inventory: Direct materials Conversion costs Direct materials added Conversion costs added $157,650 76,900 230,400 292,000 What is the total cost per equivalent unit using the weighted average method of process costing? O $7.85 O $7.15 O $6.85 O $8.75

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