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The Richmond Company is a food-processing company based British Columbia. It operates under the weighted average method of process costing and has two departments: cleaning
The Richmond Company is a food-processing company based British Columbia. It operates under the weighted average method of process costing and has two departments: cleaning and packaging. For the cleaning department, conversion costs are added evenly during the process, and direct materials are added at the beginning of the process. Spoiled units are detected upon inspection at the end of the process and are disposed of at zero net disposal value. All completed work is transferred to the packaging department. Summary data for May follow: Click the icon to view the data.) Required For the cleaning department, summarize total costs to account for and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. Carry unit-cost calculations to four decimal places when necessary. Calculate final totals to the nearest dollar CEE For each cost category, calculate equivalent units. Show physical units in the first column of your schedule. Enter the physical units in first, and then calculate the equivalent units. Physical Units Flow of Production Work in process, beginning Started during current period To account for Completed and transferred out during current period Normal spoilage Abnormal spoilage Enter any number in the edit fields and then click Check Answer. Help Me Solve This e Text Pages Get More Help Clear All Check Answer pos, una direct materials are added a -Propecuon at the end of the process and are disposed of at zero net disposal value. All completed packaging department. Summary data for May follow: en to view the data.) depan e all spoilage) Data Table - X s to the nee tego al un Direct Conversion Materials $9,448 100% Costs $571 80% Floy Physical The Richmond Company: Cleaning Dept. Units Work in process, beginning inventory (May 1) 13,500 Degree of completion of beginning work in process Started during May 26,000 Good units completed and transferred out during May 25,000 in process, ending inventory (May 31) Degree of completion of ending work in process Total costs added during May Normal spoilage as a percentage of good units 10% Degree of completion of normal spoilage Degree of completion of abnormal spoilage 7,000 , beg 100% $58,160 30% $29,200 Eurren 100% 100% 100% 100% trans e age Print Done Der in Clear All Check Ansa Tout Page Get More Help
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