XYZ Co. defines normal spoilage as 1 percent of good units completed. This company uses FIFO process
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XYZ Co. defines normal spoilage as 1 percent of good units completed. This company uses FIFO process costing. During the current period, the following info is available:
Beginning inventory: 4200 units
Started in the current period: 23,600 units
Good units transferred to FG inventory, total: 22,500 units
Ending inventory: 5,100 units
Spoilage is not detected until the units are complete in this department. How many units will be classified as normal spoilage?
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
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