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Spiderman produces Product NWH. Pls help. answers for item 17 to 20. thankyou. Spiderman produces Product NWH. All direct material is entered at the beginning
Spiderman produces Product NWH. Pls help. answers for item 17 to 20. thankyou.
Spiderman produces Product NWH. All direct material is entered at the beginning of the process. Some shrinkage occurs during the production process, but management considers any shrinkage of less than 5 percent to be normal. You were presented data (in units and in amounts) from its May 2021 operations: Beginning WIP inventory 20,000 units Started in May 220,000 units Transferred to FG inventory 199,000 units Ending WIP inventory 28,800 units Beginning WIP inventory Materials P34,000 Conversion costs P18,000 Current period costs Materials P313,500 Conversion costs P173,264 The beginning WIP inventory and ending WIP inventory were complete as to conversion by 25% and 30%, respectively. 17. Using your analysis, select all items that are correct: 1 point The cost of the normal spoilage will always reduce the profit. The cost of the normal spoilage will be reflected on the financial performance. The cost of the abnormal spoilage will always reduce the profit. The cost of the abnormal spoilage will reduce the work in process inventory. The cost of the abnormal spoilage will be reflected on the financial performance. The cost of the normal spoilage will reduce the work in process inventory. 18. What amount will be reflected on the financial performance as a result of the abnormal spoilage? 19. If Spiderman uses WAM, what is the EUP for materials in May? 20. If Spiderman uses WAM, what is the EUP for conversion costs in MayStep by Step Solution
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