Question

Consider the following date for a cooking department for the month of February:
Physical Units


Direct material, 100% complete; conversion costs, 25% complete
Direct material, 100% complete; conversion costs, 75% complete
Inspection occurs when production is 100 percent completed. Normal spoilage is 11 percent of good units completed and transferred out during the current period.
The following cost data are available:


Required:
Prepare a detailed cost of production report. Use the FIFO method. Distinguish between normal and abnormalspoilage.


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  • CreatedAugust 05, 2013
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