-tire Problems Question 2 Thie Ony. A ntenceible Data Table 1 B Physical Units Direct Conversion (Computer Chips) Materials Costs 1,500 $ 100,800 $ 16,450 100% 30% 1,760 2,100 550 2 Work in process, beginning inventory (September 1) 3 Degree of completion of beginning work in process 4 Started during September 5 Good units completed and transferred out during September 6 Work in process, ending inventory (September 30) Degree of completion of ending work in process 8 Total costs added during September 9 Normal spoilage as a percentage of good units 10 Degree of completion of normal spoilage 11 Degree of completion of abnormal spoilage 7 10% 100% 577,280$ S 226,870 15% 100% 100% 100% 100% Print Done Weighted average data x Weighted-average data Direct Conversion Total Production Costs Materials Costs 88.00 $ 208.00 $ Cost per equivalent unit for work done to date $ 502,320 $ 212,520 Cost of units completed and transferred out Abnormal spoilage Work in process, ending Total costs accounted for 714,840 $ 87,320 119,240 61,360 114,400 25.960 4,840 $ 921,400 $ 678,080 $ 243,320 Print Done DOLL DE Units wiedvedy Udid 101 supu zde s TOUWS Click the icon to view the data.) Click the icon to view the weighted-average data.) Read the requirements Requirement 1. For each cost category, compute equivalent units. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units. (Complete all input fields. Enter a "0" for applicable zero amounts.) Equivalent Units Physical Direct Conversion Flow of Production Materials Costs Work in process beginning 1500 Started during current period 1760 2100 To account for Completed and transferred out during current period 2100 1470 From beginning work in process 600 600 Started and completed 600 315 315 Normal spoilage 315 Abnormal spoilage 5501 0 295 295 295 550 55 DELL Read the requirements. Direct Conversion Materials Costs Flow of Production Work in process beginning Started during current period Physical Units 1500 1760 2100 0 1470 2100 600 600 315 315 To account for Completed and transferred out during current period From beginning work in process Started and completed Normal spoilage Abnormal spoilage Work in process, ending Accounted for Equivalent units of work done in current period 600 315 295 295 295 550 55 550 3860 1760 2735 D 1700 Equivalent units of work done sporto 2735 Requirement 2. Summarie total code to account for calculate the cont per quant for each cost category, and in total costs to its completed and transferred out (including commal potage to boligend to units in ending work in Begin tuming the total costo account for Total Direct Conversion Production Costs Materials Costs Want in proces, og 117270 SONO 10470 Godinu 04110 577200 226070 TODOS occount 521420 678080 241540 calate copertunt for each cost chegory Enter your sont cont Direct Conversion Materials Costs 5777 326870 (Click the icon to view the data.) Read the requirements. Click the icon to view the weighted-average data.) . 328 Next calculate cost per equivalent unit for each cost category. (Enter your answers to the nearest cent.) Direct Conversion Materials Costs Costs added in current period 577280 226870 Divide by: Equivalent units of work done in current period 1760 2735 Cost per equivalent unit for work done to date 83 Finally assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units nearest whole dollar. Note that the total costs accounted for may not equal the total costs to account for due to rounding.) Total Direct Convers Production Costs Materials Costs Completed and transferred out: Work in process, beginning 117270 100800 Costs added to beginning inventory before normal spoilage 49800 1 0 4 DELL Hou You die Seu o at zero het disposal value, Chipset uses the weighted average data for September 2017 are as follows Click the icon to view the data.) Click the icon to view the weighted average data.) Read the requirements Finally assign total costs to units completed and transferred out (including normal spoilage), to abnormal spollage, and to undsin ending work in process, nearest whole dollar. Note that the total costs accounted for may not equal the total costs to account for due to rounding.) Total Direct Conversion Production Costs Materials Costs Completed and transferred out: Work in process, beginning 117270 100800 16470 Costs added to beginning invertory before normal spoilage 49800 49800 Total from beginning inventory before normal spoilage 167070 Started and completed before normal spoilage 888800 174300 129465 Normal spolage 103320 26145 Total costs of units completed and transferred out 992565 Abnormal spolago 121245 96760 24485 Work in process, ending 184965 180400 277160 29050 1298775 Total cost accounted for 883100 4565 DELL Requirement. Should Chipuits managers on the weighted average methode FIFO method? Explain briety The FIFO engin than the woning inventory Theiro muito more income to spolage As, FIFO methods in a volatively w comood and traded out and higher ending work in process maior Chloe's should consider the widtod average to be loads to a high cost of goods completed and trained and sold), thereby lowering toes. The managers mayan incentive,how to use the FIFO med and show a higher level of current or the composto incases with the operating income or if there are col covers that would be ved by showing low income Ch's marques may scandantage of the method which is at it provides better Wormation for managing the best Loops separwin the cost of the current period from counced in previous person Next -tire Problems Question 2 Thie Ony. A ntenceible Data Table 1 B Physical Units Direct Conversion (Computer Chips) Materials Costs 1,500 $ 100,800 $ 16,450 100% 30% 1,760 2,100 550 2 Work in process, beginning inventory (September 1) 3 Degree of completion of beginning work in process 4 Started during September 5 Good units completed and transferred out during September 6 Work in process, ending inventory (September 30) Degree of completion of ending work in process 8 Total costs added during September 9 Normal spoilage as a percentage of good units 10 Degree of completion of normal spoilage 11 Degree of completion of abnormal spoilage 7 10% 100% 577,280$ S 226,870 15% 100% 100% 100% 100% Print Done Weighted average data x Weighted-average data Direct Conversion Total Production Costs Materials Costs 88.00 $ 208.00 $ Cost per equivalent unit for work done to date $ 502,320 $ 212,520 Cost of units completed and transferred out Abnormal spoilage Work in process, ending Total costs accounted for 714,840 $ 87,320 119,240 61,360 114,400 25.960 4,840 $ 921,400 $ 678,080 $ 243,320 Print Done DOLL DE Units wiedvedy Udid 101 supu zde s TOUWS Click the icon to view the data.) Click the icon to view the weighted-average data.) Read the requirements Requirement 1. For each cost category, compute equivalent units. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units. (Complete all input fields. Enter a "0" for applicable zero amounts.) Equivalent Units Physical Direct Conversion Flow of Production Materials Costs Work in process beginning 1500 Started during current period 1760 2100 To account for Completed and transferred out during current period 2100 1470 From beginning work in process 600 600 Started and completed 600 315 315 Normal spoilage 315 Abnormal spoilage 5501 0 295 295 295 550 55 DELL Read the requirements. Direct Conversion Materials Costs Flow of Production Work in process beginning Started during current period Physical Units 1500 1760 2100 0 1470 2100 600 600 315 315 To account for Completed and transferred out during current period From beginning work in process Started and completed Normal spoilage Abnormal spoilage Work in process, ending Accounted for Equivalent units of work done in current period 600 315 295 295 295 550 55 550 3860 1760 2735 D 1700 Equivalent units of work done sporto 2735 Requirement 2. Summarie total code to account for calculate the cont per quant for each cost category, and in total costs to its completed and transferred out (including commal potage to boligend to units in ending work in Begin tuming the total costo account for Total Direct Conversion Production Costs Materials Costs Want in proces, og 117270 SONO 10470 Godinu 04110 577200 226070 TODOS occount 521420 678080 241540 calate copertunt for each cost chegory Enter your sont cont Direct Conversion Materials Costs 5777 326870 (Click the icon to view the data.) Read the requirements. Click the icon to view the weighted-average data.) . 328 Next calculate cost per equivalent unit for each cost category. (Enter your answers to the nearest cent.) Direct Conversion Materials Costs Costs added in current period 577280 226870 Divide by: Equivalent units of work done in current period 1760 2735 Cost per equivalent unit for work done to date 83 Finally assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units nearest whole dollar. Note that the total costs accounted for may not equal the total costs to account for due to rounding.) Total Direct Convers Production Costs Materials Costs Completed and transferred out: Work in process, beginning 117270 100800 Costs added to beginning inventory before normal spoilage 49800 1 0 4 DELL Hou You die Seu o at zero het disposal value, Chipset uses the weighted average data for September 2017 are as follows Click the icon to view the data.) Click the icon to view the weighted average data.) Read the requirements Finally assign total costs to units completed and transferred out (including normal spoilage), to abnormal spollage, and to undsin ending work in process, nearest whole dollar. Note that the total costs accounted for may not equal the total costs to account for due to rounding.) Total Direct Conversion Production Costs Materials Costs Completed and transferred out: Work in process, beginning 117270 100800 16470 Costs added to beginning invertory before normal spoilage 49800 49800 Total from beginning inventory before normal spoilage 167070 Started and completed before normal spoilage 888800 174300 129465 Normal spolage 103320 26145 Total costs of units completed and transferred out 992565 Abnormal spolago 121245 96760 24485 Work in process, ending 184965 180400 277160 29050 1298775 Total cost accounted for 883100 4565 DELL Requirement. Should Chipuits managers on the weighted average methode FIFO method? Explain briety The FIFO engin than the woning inventory Theiro muito more income to spolage As, FIFO methods in a volatively w comood and traded out and higher ending work in process maior Chloe's should consider the widtod average to be loads to a high cost of goods completed and trained and sold), thereby lowering toes. The managers mayan incentive,how to use the FIFO med and show a higher level of current or the composto incases with the operating income or if there are col covers that would be ved by showing low income Ch's marques may scandantage of the method which is at it provides better Wormation for managing the best Loops separwin the cost of the current period from counced in previous person Next
