Consider the following data for November 2017 from Ashworth Manufacturing Company, which makes silk pennants and...
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Consider the following data for November 2017 from Ashworth Manufacturing Company, which makes silk pennants and uses a process-costing system. All direct materials are added at the beginning of the process, and conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value. Ashworth Manufacturing Company uses the weighted-average method of process costing. (Click the icon to view the data.) Read the requirement. Begin by summarizing the total costs to account for. (Click the icon to view the equivalent unit computation.) Total Production Costs Direct Materials Conversion Costs Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs. (Round your answers to the nearest cent.) Direct Conversion Materials Costs Consider the following data for November 2017 from Ashworth and conversion costs are added evenly during the process. Sp Company uses the weighted-average method of process costin | (Click the icon to view the data.) Data Table i Requirement Summarize the total costs to account for; calculate the cost per equivalent unit for direct materials and conversion costs; and assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work-in-process inventory. direct materials are added at the beginning of the process, of at zero net disposal value. Ashworth Manufacturing Print Done Equivalent Units Direct Conversion Flow of Production Materials Costs Completed and transferred out during current period 9,500 9,500 answers to the nearest cent.) Normal spoilage 160 160 Abnormal spoilage 40 40 Work in process, ending 1,700 170 11,400 9,870 Equivalent units of work done to date Physical Units Work in process, November 1 Started in November 2017 (Pennants) 1,350 Materials Costs $3,448 $571 ? Good units completed and transferred out during November 2017 Normal spoilage Abnormal spoilage 9,500 160 40 Work in process, November 30b Total costs added during November 2017 1,700 $11,600 $32,000 a Degree of completion: direct materials, 100%; conversion costs, 45%. b t question. Degree of completion: direct materials, 100%; conversion costs, 10%. Consider the following data for November 2017 from Ashworth Manufacturing Company, which makes silk pennants and uses a process-costing system. All direct materials are added at the beginning of the process, and conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value. Ashworth Manufacturing Company uses the weighted-average method of process costing. (Click the icon to view the data.) Read the requirement. Begin by summarizing the total costs to account for. (Click the icon to view the equivalent unit computation.) Total Production Costs Direct Materials Conversion Costs Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs. (Round your answers to the nearest cent.) Direct Conversion Materials Costs Consider the following data for November 2017 from Ashworth and conversion costs are added evenly during the process. Sp Company uses the weighted-average method of process costin | (Click the icon to view the data.) Data Table i Requirement Summarize the total costs to account for; calculate the cost per equivalent unit for direct materials and conversion costs; and assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work-in-process inventory. direct materials are added at the beginning of the process, of at zero net disposal value. Ashworth Manufacturing Print Done Equivalent Units Direct Conversion Flow of Production Materials Costs Completed and transferred out during current period 9,500 9,500 answers to the nearest cent.) Normal spoilage 160 160 Abnormal spoilage 40 40 Work in process, ending 1,700 170 11,400 9,870 Equivalent units of work done to date Physical Units Work in process, November 1 Started in November 2017 (Pennants) 1,350 Materials Costs $3,448 $571 ? Good units completed and transferred out during November 2017 Normal spoilage Abnormal spoilage 9,500 160 40 Work in process, November 30b Total costs added during November 2017 1,700 $11,600 $32,000 a Degree of completion: direct materials, 100%; conversion costs, 45%. b t question. Degree of completion: direct materials, 100%; conversion costs, 10%.
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