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Thanks for using Office! We've made some updates to the privacy settings to give you more control. Your organization's admin allows you to use
Thanks for using Office! We've made some updates to the privacy settings to give you more control. Your organization's admin allows you to use several cloud-backed services. You get to decide whe go to the Office on the web Privacy Settings. These optional cloud-backed services are provided to you under the Microsoft Services Agreement. Leam mox G22 1 A E Jackson Ltd. uses an automated process in its manufacturing operations. H M 3 2 On September 1, the company had 15,000 units in beginning work in process which were 60% complete with respect to conversion. During the month of September, it started 100,000 units into production and completed 80,000 units. 4 On September 30, there were 20,000 units in process, which were 90% complete with respect to conversion. 5 6 Direct materials are added at the 80% stage of completion. 7 Inspection happens at the 75% stage of production. B Normal spoilage is 10% of all good units that pass inspection. 9 10 The beginning inventory had direct materials costs of $136,000 and conversion costs of $38,765. 11 During the month, the company issues $620,000 of direct materials and incurred $199,400 of conversion costs. 12 13 Required 14 1. Prepare a production cost worksheet using the Weighted Average method: 15 a) Calculate the physical units to account for. (1 mark) 16 b) Compute equivalent units for DM and CC. (8 marks) 17 c) Summarize total costs to account for. (1 mark)
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