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Author Question: Verer Custom Carpentry manufactures chairs in its Processing Department. Direct materials are ... (Read 52 times)

Sufayan.ah

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on: Mar 6, 2021
Verer Custom Carpentry manufactures chairs in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection takes place as units are placed into production. After inspection, some units are spoiled due to undetectable material defects. Spoiled units generally constitute 4% of the good units. Data provided for March 2017 are as follows:

WIP, beginning inventory 3/1/201732,500 units
 Direct materials (100% complete)
 Conversion costs (90% complete)

Started during March70,500 units
Completed and transferred out80,100 units
WIP, ending inventory 3/31/201718,300 units
 Direct materials (100% complete)
 Conversion costs (70% complete)

Costs:
 WIP, beginning inventory:
Direct materials$71,000
Conversion costs40,000
Direct materials added105,700
Conversion costs added128,160

What are the normal and abnormal spoilage units, respectively, for March when using FIFO?
◦ 3204 units; 1396 units
◦ 1968 units; 1420 units
◦ 9749 units; 1540 units
◦ 530 units; 2032 units
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by Sufayan.ah on Mar 6, 2021

Zebsrer

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Sufayan.ah

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

bassamabas

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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