Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
StormLrd StormLrd
wrote...
Go to Answer
Posts: 1017
Rep: 0 0
6 years ago
Endicott Shoes manufactures shoes. All direct materials are included at the inception of the production process. For March, there were 1,400 units in beginning inventory with a direct material cost of $700. Direct materials totaled $15,000 for the month. Work-in-process records revealed that 35,000 units were started in March and that 30,000 were finished. Normal spoilage of 2% of units finished was incurred. Ending work-in-process units are complete in respect to direct materials costs. Spoilage is not detected until the process is complete. Endicott uses the weighted-average method.

Required:
a.   What are the costs assigned to completed units when spoilage units are recognized and when they are not recognized in the cost per equivalent unit?
b.   What are the costs transferred out if spoilage units are recognized and if they are ignored?
c.   What are the amounts allocated to the work-in-process ending inventory when spoilage units are recognized and when spoilage units are ignored?
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
Read 83 times
1 Reply
Replies
Answer verified by a subject expert
btpsandbtpsand
wrote...
#1
Top Poster
Posts: 1199
Rep: 31 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 200 words.
1

Related Topics

StormLrd Author
wrote...

6 years ago
Thanks
Turboturner
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
gma_of_7
wrote...

2 hours ago
Helped a lot
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1275 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 327
  
 206
  
 351
Your Opinion
Previous poll results: Who will win the 2024 president election?