Question: Beginning WIP 5,000 units 75% complete to conversion Transferred In 40,000 units Ending Wip 3,200 units 70% complete to conversion Completed & Transferred 40,500 units

Beginning WIP 5,000 units 75% complete to conversion
Transferred In 40,000 units
Ending Wip 3,200 units 70% complete to conversion
Completed & Transferred 40,500 units
The company defines normal spoilage as 2% of units passing inspection.
Inspection occurs when when units are 65% complete to conversion.
The company uses FIFO process costing.
Required:
Determine the units of normal and abnormal spoilage.

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