Watson Corporation Watson Corporation has the following information for the current month: Units started 95,000 units Beginning Work in Process: (30% complete) 15,000 units Normal spoilage (discrete) 3,000 units Abnormal spoilage 4,000 units Ending Work in Process: (75% complete) 15,000 units Transferred out 88,000 units Beginning Work in Process Costs: Material $18,000 Conversion 14,000 All materials are added at the start of the production process. Watson Corporation inspects goods at 75 percent completion as to conversion. Refer to Watson Corporation. Assume that the costs per EUP for material and conversion are $2.00 and $2.25, respectively. What is the cost assigned to normal spoilage, using weighted average, and where is it assigned? Select one: a. Value Assigned To $12,750 Units transferred out and Ending Inventory b. Value Assigned To $12,750 Units transferred out 0 c. Value Assigned To $11,063 Units transferred out our and Ending Inventory O d. Value Assigned to $11,063 Units transferred out Weiss Company Weiss Company adds material at the start of production. The following production information is available for September: Beginning Work in Process Inventory (45% complete as to conversion) 10,000 units Started this period 120,000 units Ending Work in Process Inventory (80% complete as to conversion) 8,200 units Beginning Work in Process Inventory Costs: Material $24,500 Conversion 68,905 Current Period Costs: Material $75,600 Conversion 130,053 Refer to Weiss Company. What is the conversion cost per equivalent unit using the FIFO method? Select one: o a. $1.05 O b. $1.61 O C. $1.55 O d. $0.95 Question 5 Not yet answered Marked out of 10.00 P Flag question 700 units 2,000 units 500 units Campbell Corporation Beginning inventory (30% complete as to Material B and 60% complete for conversion) Started this cycle Ending inventory (50% complete as to Material B and 80% complete for conversion) Beginning inventory costs: Material A Material B Conversion Current Period costs: Material A Material B Conversion $14,270 5,950 5,640 $40,000 70,000 98,100 Material A is added at the start of production, while Material B is added uniformly throughout the process. Refer to Campbell Corporation. Assuming a FIFO method of process costing, compute the average cost per EUP for Material A. Select one: O a. $31.25 O b. $31.00 O C. $20.10 O d. $20.00 Watson Corporation Watson Corporation has the following information for the current month: Units started 95,000 units Beginning Work in Process: (30% complete) 15,000 units Normal spoilage (discrete) 3,000 units Abnormal spoilage 4,000 units Ending Work in Process: (75% complete) 15,000 units Transferred out 88,000 units Beginning Work in Process Costs: Material $18,000 Conversion 14,000 All materials are added at the start of the production process. Watson Corporation inspects goods at 75 percent completion as to conversion. Refer to Watson Corporation. Assume that the costs per EUP for material and conversion are $2.00 and $2.25, respectively. What is the cost assigned to normal spoilage, using weighted average, and where is it assigned? Select one: a. Value Assigned To $12,750 Units transferred out and Ending Inventory b. Value Assigned To $12,750 Units transferred out 0 c. Value Assigned To $11,063 Units transferred out our and Ending Inventory O d. Value Assigned to $11,063 Units transferred out Weiss Company Weiss Company adds material at the start of production. The following production information is available for September: Beginning Work in Process Inventory (45% complete as to conversion) 10,000 units Started this period 120,000 units Ending Work in Process Inventory (80% complete as to conversion) 8,200 units Beginning Work in Process Inventory Costs: Material $24,500 Conversion 68,905 Current Period Costs: Material $75,600 Conversion 130,053 Refer to Weiss Company. What is the conversion cost per equivalent unit using the FIFO method? Select one: o a. $1.05 O b. $1.61 O C. $1.55 O d. $0.95 Question 5 Not yet answered Marked out of 10.00 P Flag question 700 units 2,000 units 500 units Campbell Corporation Beginning inventory (30% complete as to Material B and 60% complete for conversion) Started this cycle Ending inventory (50% complete as to Material B and 80% complete for conversion) Beginning inventory costs: Material A Material B Conversion Current Period costs: Material A Material B Conversion $14,270 5,950 5,640 $40,000 70,000 98,100 Material A is added at the start of production, while Material B is added uniformly throughout the process. Refer to Campbell Corporation. Assuming a FIFO method of process costing, compute the average cost per EUP for Material A. Select one: O a. $31.25 O b. $31.00 O C. $20.10 O d. $20.00
