use weighted avg method

RAP B 1 The Red Deer Company: Packaging Department 2 Work-in-process, beginning inventory (May 1) Degree of completion of beginning work-in-process D E 3 4 Started during May Physical Transferred-in Units Costs 7,500 $16,125 100% 18,500 15,000 10,000 Direct Materials $ 0 0% Conversion Costs $ 6,125 80% 7 5 Good units completed and transferred out during May 6 Work-in-process, ending inventory (May 31) Degree of completion of ending work-in-process 8 Total costs added during May Normal spoilage as a percentage of good units 10 Degree of completion of normal spoilage 11 Degree of completion of abnormal spoilage 100% ? 0% $1,600 25% $12,375 5% 100% 100% 100% Required 100% For the packaging department, use the weighted-average method to summarize total costs to account for and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoil- age, and to units in ending work-in-process. 33 FIFO method, packaging department (continuation of Problem 31). Refer to the information in Problem 32 except for the transferred-in costs for May, which equal the total cost of good units completed and transferred out in May from the cleaning department, which were calculated in Problem 31 using the FIFO method of process costing. LO 2 Transferred-in period only, 18 Required For the packaging department, use the FIFO method to summarize total costs to account for, and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work-in-process. RAP B 1 The Red Deer Company: Packaging Department 2 Work-in-process, beginning inventory (May 1) Degree of completion of beginning work-in-process D E 3 4 Started during May Physical Transferred-in Units Costs 7,500 $16,125 100% 18,500 15,000 10,000 Direct Materials $ 0 0% Conversion Costs $ 6,125 80% 7 5 Good units completed and transferred out during May 6 Work-in-process, ending inventory (May 31) Degree of completion of ending work-in-process 8 Total costs added during May Normal spoilage as a percentage of good units 10 Degree of completion of normal spoilage 11 Degree of completion of abnormal spoilage 100% ? 0% $1,600 25% $12,375 5% 100% 100% 100% Required 100% For the packaging department, use the weighted-average method to summarize total costs to account for and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoil- age, and to units in ending work-in-process. 33 FIFO method, packaging department (continuation of Problem 31). Refer to the information in Problem 32 except for the transferred-in costs for May, which equal the total cost of good units completed and transferred out in May from the cleaning department, which were calculated in Problem 31 using the FIFO method of process costing. LO 2 Transferred-in period only, 18 Required For the packaging department, use the FIFO method to summarize total costs to account for, and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work-in-process