Direct materials are added at the beginning of production Conversion costs are incurred evenly throughout production Spoiled units are detected at inspection which occurs at the end of the production process Normal spoilage is 5% of the good units completed and transferred out. Any spolage over this amount is abnormal spolage Data for December are as follows: (fretes are used, they should be rounded to 2 decimal places.) Cost Pools Degree of Completion 75% Material $ 100,000 Conversion $ 60,000 Beginning Work in Process Started During the Period Ending Work-in-Process Good Units Completed & Transferred Total Costs Added During the Period Physical Units 20,000 80,000 16.000 76.800 65% $ 1200,000 $ 280,000 What cost is assigned to abnormal sporlage using the weighted average process.costing method Choose the closest answer Direct materials are added at the beginning of production Conversion costs are incurred evenly throughout production Spoiled units are detected at inspection, which occurs at the end of the production process Normal spollage is 5% of the good units completed and transferred out Any spollage over this amount is abnormal spoilage Data for December are as follows: (if rates are used, they should be rounded to 2 decimal places.) Cost Pools Conversion Material $ 100.000 $ 60,000 Beginning Work in Process Started During the Period Ending Work in Process Good Units Completed & Transferred Total Costs Added During the Period Physkal Degree of Units Completion 20.000 759 80.000 116.000 65 176.800 $ 200,000 $ 280,000 Using the weighted average process costing method what is the total manufacturing cost per unit of good units produced? That is what Is the amount per unit that will be expensed as Cost of Goods Sold when the finished units are actually sold? Multiple Choice Direct materials are added at the beginning of production. Conversion costs are incurred evenly throughout production Spoiled units are detected at inspection, which occurs at the end of the production process. Normal spollage is 5% of the good units completed and transferred out. Any spoilage over this amount is abnormal spoilage. Data for December are as follows: (Ifrates are used, they should be rounded to 2 decimal places.) Beginning Work-in-Process Started During the Period Ending Work Process Good Units Completed & Transferred Total Costs Added During the Period Cost Pools Physical Degree of Units Completion Material Conversion 20,000 75% $ 100,000 $ 60,000 80,000 16,000 65% 76.800 $12 00 $ 280,000 What is the combined cost per equivalent unit of direct material and conversion cost using the weighted average method of process costing? Choose the closest answer Direct materials are added at the beginning of production Conversion costs are incurred evenly throughout production Spoiled units are detected at inspection, which occurs at the end of the production process Normal spoilage is 5% of the good units completed and transferred out. Any spoilage over this amount is abnormal spoilage Data for December are as follows: (if rates are used, they should be rounded to 2 decimal places.) Cost Pools Degree of Completion Material Conversion 75 $ 100.000 $ 60,000 Beginning Work in Process Started During the Period Ending Work in Process Good Units Completed & Transferred Total Costs Added During the Period Physical Units 20,000 80.000 16,000 76.800 659 $ 200,000 $ 280,000 What are the amounts of direct materials and conversion costs, respectively, assigned to ending work-in-process using the weighted average process costing method? Direct materials are added at the beginning of production Conversion costs are incurred evenly throughout production Spoiled units are detected at inspection, which occurs at the end of the production process. Normal spoilage is 5% of the good units completed and transferred out. Any spollage over this amount is abnormal spollage Data for December are as follows: (If rates are used, they should be rounded to 2 decimal places) Cost Pools Degree of Completion Material Conversion 75% $ 100,000 $ 60,000 Beginning Work in Process Started During the Period Ending Workan Process Good Units Completed & Transferred Total Costs Added During the Period Physical Units 20,000 80,000 16,000 76.800 65% $ 200.000 $ 280,000 What is the total number of spoiled units? Help Save & EXH Direct materials are added at the beginning of production Conversion costs are incurred evenly throughout production Spoiled units are detected at inspection, which occurs at the end of the production process. Normal spoilage is 5% of the good units completed and transferred out. Any spoilage over this amount is abnormal spoilage Data for December are as followsc (If rates are used, they should be rounded to 2 decimal places.) Cost Pools Physical Degree of Units Completion 20,000 75% 80,000 16.000 65% 76,800 Material $ 100,000 Beginning Work in Process Started During the Period Ending Work-in.Process Good Units Completed & Transferred Total Costs Added During the Period Conversion $ 60,000 $ 200.000 $ 280,000 How many of the spoiled units are considered abnormal spoilage? Direct materials are added at the beginning of production Conversion costs are incurred evenly throughout production Spoiled units are detected at inspection, which occurs at the end of the production process Normal spoilage is 5% of the good units completed and transferred out. Any spoilage over this amount is abnormal spoilage Data for December are as follows: (If rares are used, they should be rounded to 2 decimal places.) Cost Pools Degree of Completion Material Conversion 75% $ 100,000 $ 60.000 Beginning Work in Process Started During the Period Ending Work in Process Good Units Completed & Transferred Total Costs Added During the Period Physical Units 20.000 80,000 16.000 76.800 65% $ 200,000 $ 280,000 How many of the spoiled units are considered normal spoilage? Multiple Choice