QUESTION 3 Hint: Use the template from Blackboard for this question Answers follow the same format Consider the following data for February 2020 from Newbury Manufacturing Company, which makes testing kits 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 Newbury Manufacturing Company uses the FIFO method of process costing. Physical Units Direct Materials Conversion Costs Beginning WIP - Feb 1 2,950 $1,650 $1,274 Started in Feb 9,635 Good units completed and transferred out in Feb 10.125 Normal Spoilage Abnormal Spoilage Ending WIP - Feb 28 2.300 Total costs added during Feb $13.480 $31,455 Degree of completion - Beg WIP 100% Degree of completion - Ending WIP 100% 404 How many physical units are in beginning WIP? 2950 How many physical units are started during the current period? 35 How many physical units are to be accounted for? 12565 How many physical units in the section good urvits completed and transferred out during the current period are from beginning WIP? 20 How many physical units in the section good units completed and transferred out during the current period are from started and comple How many physical units in the section good units completed and transferred out during the current period are from normal sportage 1 Click Save and Submit to save and submit Chick Save All Answers to all a s MacBook Air How many equivalent units in the section good units completed and transferred out during the current period are from abnormal spolage for materials? How many equivalent units in the section good units completed and transferred out during the current period) are from abnormal spolage for conversion? How many equivalent units in the section good units completed and transformed out during the current period) are from ending WIP for materials? How many equivalent units in the section good units completed and transferred out during the current period are from ending WIP for conversion? How many to quivalent units of work done during the current period for materials How many to quivalent units of work done during the current period for conversion? Now we move on top How much cons i sted with the work in process, beginning, for materials? How much cost issociated with the work in process, beginning, for conversion? How much to costis i ted with the work in process, beginning? How much cost is added in the current period for materials How much cost is added in the current period for conversion? How much total cost added in the current period? What is the amount of total costo account for for materia? What is the wount of total cost to account for for conversion What is the amount of toccount for info? Sp4 How much is in the current period formal ? How mucho is the current period for conversion What the of work done in cui som ? What w e of work done in current period for conversion? What is the cont peut of work on the current period for conversion Chikawe and submit to and MacBook Air fab QUESTION 3 Hint: Use the template from Blackboard for this question Answers follow the same format Consider the following data for February 2020 from Newbury Manufacturing Company, which makes testing kits 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 Newbury Manufacturing Company uses the FIFO method of process costing. Physical Units Direct Materials Conversion Costs Beginning WIP - Feb 1 2,950 $1,650 $1,274 Started in Feb 9,635 Good units completed and transferred out in Feb 10.125 Normal Spoilage Abnormal Spoilage Ending WIP - Feb 28 2.300 Total costs added during Feb $13.480 $31,455 Degree of completion - Beg WIP 100% Degree of completion - Ending WIP 100% 404 How many physical units are in beginning WIP? 2950 How many physical units are started during the current period? 35 How many physical units are to be accounted for? 12565 How many physical units in the section good urvits completed and transferred out during the current period are from beginning WIP? 20 How many physical units in the section good units completed and transferred out during the current period are from started and comple How many physical units in the section good units completed and transferred out during the current period are from normal sportage 1 Click Save and Submit to save and submit Chick Save All Answers to all a s MacBook Air How many equivalent units in the section good units completed and transferred out during the current period are from abnormal spolage for materials? How many equivalent units in the section good units completed and transferred out during the current period) are from abnormal spolage for conversion? How many equivalent units in the section good units completed and transformed out during the current period) are from ending WIP for materials? How many equivalent units in the section good units completed and transferred out during the current period are from ending WIP for conversion? How many to quivalent units of work done during the current period for materials How many to quivalent units of work done during the current period for conversion? Now we move on top How much cons i sted with the work in process, beginning, for materials? How much cost issociated with the work in process, beginning, for conversion? How much to costis i ted with the work in process, beginning? How much cost is added in the current period for materials How much cost is added in the current period for conversion? How much total cost added in the current period? What is the amount of total costo account for for materia? What is the wount of total cost to account for for conversion What is the amount of toccount for info? Sp4 How much is in the current period formal ? How mucho is the current period for conversion What the of work done in cui som ? What w e of work done in current period for conversion? What is the cont peut of work on the current period for conversion Chikawe and submit to and MacBook Air fab