Question: need help with direct material and conversion costs E18-21 (similar to) Question Help Consider the following data for November 2017 from Walton Manufacturing Company, which


E18-21 (similar to) Question Help Consider the following data for November 2017 from Walton Manufacturing Company, which makes sik 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. Waton Manufacturing Company uses the weighted-average method of process costing. E(Click the icon to view the data) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. X Data Table Physical Units Direct Conversion (Pennants) 1,000 Materials Costs $1,423 $1,110 Work in process, November 1 Started in November 2017 Good units completed and transferred out during November 2017 Normal spoilage Abnormal spoilage ? 9,000 100 50 2,000 Work in process, November 30 Total costs added during November 2017 $27.750 $12.180 aDegree of completion: direct materials, 100% conversion costs, 45% Degree of completion: direct materials, 100%: conversion costs. 30%6 Print Done Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first columm Physical Direct Conversion Flow of Production Units Materials Costs Work in process, beginning 1,000 10,150 Started during current period 11,150 To account for 9,000 9.000 Completed and transferred out during current period 9.000 Normal spoilage 100 50 50 Abnormal spoilage 50 2.000 900 2.000 Work in process, ending 11,150 Accounted for 2.950 9.950 Ecuivalent units of work done to date
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