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Inter Manufacturing Company manufactures expensive chairs. The following data relates to the month of January...

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Question

Accounting

Inter Manufacturing Company manufactures expensive chairs. The following data relates to the month of January 20x1.
Units
Beginning Work in Process (1-1-x1) 2,000
Added during the month 10,000
Completed and transferred out (CTO) 9,000
Ending Work in Process (31-1-x1) 2,500
Percentage of Completion
Beginning Work in Process (1-1-x1) 60%
Ending Work in Process (31-1-x1) 40%
Costs added during January
Total costs
Beginning Work in Process (1-1-x1) $20,000
Costs added during January $120,000
Conversion costs
Beginning Work in Process (1-1-x1) $5,800
Costs added during January $52,400

The company uses Weighted Average Process Costing Method and materials are added at the beginning of process.
The inspection point for spoilage units occurs at the end of production process
Spoilage is considered abnormal if it is greater than 6% of CTO

image

A.$6179.79

B.

450
C.

$111,235.71
D.

370
E.

350
F.

$22,584.52
G.

0
H.

$6,179.76
I.

$5.54
J.

$140,000
K.

500
L.

400
M.

$22,500
N.

$6.82

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