Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Clay Shop manufactures pottery products. All direct materials are included at the beginning of the production process 1 points For April, there was no

image text in transcribed
image text in transcribed
The Clay Shop manufactures pottery products. All direct materials are included at the beginning of the production process 1 points For April, there was no beginning inventory in the processing plant Direct materials totaled $310,000 for the month Work-in-process records revealed that 5,000 kilograms were started in April and that 3.000 kilograms were finished 1.000 kilograms were spoiled as expected Ending work-in-process units are complete in respect to direct materials costs. Spoilage is not detected until the process is complete What are the costs assigned to completed units when spoilage units are recognized in the cost per equivalent unit calculation? The Clay Shop manufactures pottery products. All direct materials are included at the beginning of the production process. For April, there was no beginning inventory in the processing plant Direct materials totaled $310,000 for the month Work-in-process records revealed that 5,000 kilograms were started in April and that 3.000 kilograms were finished: 1.000 kilograms were spoiled as expected Ending work-in-process units are complete in respect to direct materials costs. Spoilage is not detected until the process is complete What are the costs assigned to completed units when spoilage units are recognized in the cost per equivalent unit calculation? A. $189,000 B. $186,000 C. $248,000 D. $232,500 E. $62,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

How does investment banking differ from commercial banking?

Answered: 1 week ago

Question

How would you respond to each of the girls?

Answered: 1 week ago