Asalgument Material

$m$

$19-24$ Weighted$-$average method, spoilage. $[$Excel template$]($LO $2)$ Chipcity

Inc is a fast$-$growing manufacturer of computer chips. Direct materials are added at the start of the production precess. Conversion costs are added evenly during the process. Some units of this product are spoiled as a result of defects not detectable before inspection of finished goods. Spoiled units are disposed of at zero net disposal value. Chipcity uses the weighted$-$average method of process costing.

Summary data for September are

$\backslash$table$[[,\backslash$table$[[$Plysical Units$],[($computer chips$)]],\backslash$table$[[$Direct$],[$Materials$]],\backslash$table$[[$Conversion$],[$Costs$]]],[$Work$-$in$-$process, beginning inventory $($Sept$.1),600,$$$96,000,$$ $15,300],[$Degree of completion of beginning WIP,,$100\%,30\%$