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solutions and answers pleaseee Items 29 to 33 are based on the following information ABC Company manufactures small tables in its Processing Department. Direct materials
solutions and answers pleaseee
Items 29 to 33 are based on the following information ABC Company 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 product cycle. Before inspection, some units are spoiled due to non-detectable materials defects. Inspection occurs when units are 50% converted. Spoiled units generally constitute 5% of the good units. Data for December 2020 are as follows: WIP, beginning inventory Dec 1, 2020 10,000 units Direct materials: 100% complete Conversion costs: 75% complete Started during December 40,000 units Completed and transferred out-Dec. 31,2020 38,400 units WIP, ending inventory Dec. 31, 2020 8,000 units Direct materials: 100% complete Conversion costs: 65% complete Costs for December: WIP, beginning inventory: Direct materials $50,000 Conversion costs 30,000 Direct materials added 100,000 Conversion costs added 140,000 4/10 = 29. What is the number of total spoiled units? A 1,600 units B 2,000 units C 2,700 unis D 3,600 E answer not given 30. Abnormal spoilage totaled A 1,600 B 2,000 units C 1,680 units D 1,920 E answer not given 31. Normal spoilage totaled A 1,600 B 2,000 units C 1,680 units D 1,920 E answer not given 32. What is the total cost using the weighted average method of process costing? A $ 3 B $ 3.60 C$4.60 D $6.60 E answer not given 33. What cost is allocated to abnormal spoilage using the weighted average process costing method? A $0 B $7,360 C$ 11,088 D $16,400 E answer not givenStep by Step Solution
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