Question 1
Excluding spoiled units in the equivalent-unit calculation results in ________.
◦ lower cost per good unit.
◦ higher cost per good unit
◦ better management information
◦ higher cost for spoiled units
Question 2
Fish Fillet Incorporated obtains fish and then processes them into frozen fillets and then prepares the frozen fish fillets for distribution to its retail sales department. Direct materials are added at the initiation of the cycle. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some fillets are spoiled due to undetectable defects. Inspection occurs when units are 45% converted. Spoiled fillets generally constitute 6% of the good fillets. Data for April 2017 are as follows:
| WIP, beginning inventory 4/1/2017 | 93,000 fillets |
Direct materials (100% complete)
Conversion costs (50% complete)
| Started during April | 133,000 fillets |
| Completed and transferred out 4/31/2017 | 183,000 fillets |
| WIP, ending inventory 4/31/2017 | 30,000 fillets |
Direct materials (100% complete)
Conversion costs (25% complete)
Costs for April:
WIP, beginning Inventory:
| Direct materials added | 309,000 |
| Conversion costs added | 387,130 |
What is the number of total spoiled units?
◦ 32,000 units
◦ 74,420 units
◦ 7000 units
◦ 13,000 units
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