70.2K

Verified Solution

Link Copied!

This Question: 100 pts 1 of 1 Logica is a fast growing manufacturer of computer chips Direct materials are added at the start of the production process Conversion costs are added evenly during the process. Some units of this produdare spoed as a resu defects not detectable before respection of finished goods Spoiled units are disposed of zero nel disposal value LogicCo the weighted average method of process ing Summary data for September 2017 are as follow Click the icon to view the data) Read the requirements of your schedule Requirement 1. For each cost category, compute equivalent units Show physical units in the first Enter the physical units in first, then calculate the equivalent units Data Table Physical Units Equivalent Units Direct Conversion Materials Costs Flow of Production Work in process beginning Started during current period Physical Units Direct Conversion (Computer Chips) Materials Costs 900 $125,766 $10,368 100% 2.754 2.500 30% To account for Completed and transferred out during current period Normalspolage Abnormal spolage Work in process beginning inventory (September 1) Degree of completion of being work in process Started during September Good units completed and transferred out during September Work in process, ending inventory (September 30) Degree of completion of ending work in process Total costs added during September Normalspolage as a percentage of good units Degree of completion of normal spolage Degree of completion of abnormal spolage 100% 5619.650 105 253 098 15% 100% 100% 100% 100% Choose from any list or enter any number in the input fields and then continue to the next questi Save for Later Print [ Done Type here to search o e a 1 9 W *G* 4** 1923/2018 LogicCo is a fast-growing manufacturer of computer chips. Direct materials are added at the start of the p defects not detectable before inspection of finished goods. Spoiled units are disposed of at zero net disper Click the icon to view the data.) Read the requirements Equivalent Units Direct Conversion Materials Costs Physical Units 900 2754 3654 2500 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 Work in process, ending Accounted for Work done to date 2500 375 375 2500 375 289 490 490 10962 3654 Choose from any list or enter any number in the input fields and then continue to the next question Save for later Type here to search o At 3654 Work done to date Requirement 2. Summarize the total costs to account for calculate the cost per equivalent unit for each cost category and to units in ending work in process Begin by summarizing the total costs to account for Total Production Costs Direct Materials Conversion Costs Total costs to account for Next, calculate cost per equivalent unit for each cost category. (Enter your answers to the nearest cent) Direct Materials Conversion Costs Choose from any list or enter any number in the input fields and then continue to the next question Type here to search Q WE A solo This Question: 100 pls 1 of 1 LogicCo is a fast-growing manufacturer of computer chips. Direct materials are added at the start of the production process defects not detectable before inspection of finished goods. Spoiled units are disposed of at zero net disposal value. Logica Click the icon to view the data) Read the requirements Total Production Costs Direct Materials Conversion Costs Total costs to account for Next, calculate cost per equivalent unit for each cost category Enter your answers to the nearest cent) Direct Conversion Materials Costs Divide by Cost per equivalent unit for work done to date Choose from any ist or enter any number in the input reds and then continue to the next question Type here to search o e a

Answer & Explanation Solved by verified expert

See Answer