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Author Question: Verer Custom Carpentry manufactures chairs in its Processing Department. Direct materials are ... (Read 38 times)

jjjetplane

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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 3/1/201732,700 units
 Direct materials (100% complete)
 Conversion costs (80% complete)

Started during March70,000 units
Completed and transferred out80,200 units
WIP, ending inventory 3/31/201718,600 units
 Direct materials (100% complete)
 Conversion costs (70% complete)

Costs:
 WIP, beginning inventory:
Direct materials$70,000
Conversion costs40,400
Direct materials added106,000
Conversion costs added128,160

What costs would be associated with normal and abnormal spoilage, respectively, using the FIFO method of process costing? (Round any cost per unit calculations to the nearest cent.)
◦ $149,611; $5290
◦ $1250; $4858
◦ $4858; $2297
◦ $10,651; $2297
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by jjjetplane on Mar 6, 2021

duy1981999

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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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jjjetplane

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

amcvicar

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Reply 3 on: Yesterday
Excellent

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