Refer to the information in Exercise 18-29. Suppose LogicCo determines standard costs of $215 per equivalent unit for direct materials and $92 per equivalent unit for conversion costs for both beginning work in process and work done in the current period.

Exercise 18-29

Required:
1. Do Exercise 18-29 using the standard-costing method.
2. What issues should the manager focus on when reviewing the equivalent units calculation?

Transcribed Image Text:

Page Layout Formulas Data Review View Home Insert Direct Conversion Physical Units (Computer Chips)MaterialsCosts $125,766 10,368 5% 900 2 Work in process, beginning inventory (September 1) 100% e of c letion of beginning work in 4 Started during September 5 Good units completed and transferred out du 6 Work in process, ending inventory (September 30 2,754 2,500 490 mber 10% $619,650$253,098 100% 100% 100% e of c letion of ending work in process 8 Total costs added during September 9 Normal spoilage as a percentage of good units 10 Degree of completion of normal spoilage 11 Degree of completion of abnormal spoilage 15% 100% 100%