Weighted average method, assigning costs (continuation of 18 21) For the data in Exercise 18 21, summarize the total costs to account for calculate the cost per equivalent unit for direct materials and conversion costs and assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process inventory Flow Of Production Physical Unit Work In process Beginning 1350 Add Started during current period (10630 1350) 9280 To Account For 10630 Good unit completed and transferred out during current period from Beginning work in process Started And Completed 8800 Normal Spoilage 80 Abnormal Spoilage 50 work in process Ending 1700 Accounted for 10630 MacLean Manufacturing Company Equivalent units of production (EUP) Weighted Average method Detail Physical Units Material EUP Material Conversion EUP Conversion Units Transferred Out 8800 100 8800 100 8800 Normal Spoilage 80 100 80 100 80 Abnormal Spoilage 50 100 50 100 50 units of Ending work in process 1700 100 1700 35 595 Equivalent units of production 10630 9525

The Answer is in the image, click to view ...

Question: Weighted-average method, assigning costs (continuation of 18-21). For the data in Exercise 18-21, summarize the total costs to account for; calculate the cost per equivalent

Weighted-average method, assigning costs (continuation of 18-21). For the data in Exercise 18-21, summarize the total costs to account for; calculate the cost per equivalent unit for direct materials and conversion costs; and assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work-in-process inventory

Flow Of Production	Physical Unit
Work In process Beginning	1350
Add:- Started during current period (10630-1350)	9280

To Account For	10630

Good unit completed and transferred out during current period
from Beginning work in process +Started And Completed	8800
Normal Spoilage	80
Abnormal Spoilage	50
work in process Ending	1700
Accounted for	10630

MacLean Manufacturing Company
Equivalent units of production (EUP) - Weighted Average method
Detail	Physical Units	%Material	EUP-Material	% Conversion	EUP- Conversion
Units Transferred Out	8800	100%	8800	100%	8800
Normal Spoilage	80	100%	80	100%	80
Abnormal Spoilage	50	100%	50	100%	50
units of Ending work in process	1700	100%	1700	35%	595

Equivalent units of production			10630		9525

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

please show steps 19-2 Weighted average method, spoilage, and equivalent units MA, adapted) Consider the fol- lowing data for November 2020 from Gray Manufacturing Company which makes silk pennants...

1 9 - 2 2 Weighted - average method, assigning costs ( continuation of 1 9 - 2 1 ) . For the data in Exercise 1 9 - 2 1 , summarize total costs to account for; calculate cost per equivalent unit for...

1 8 - 2 5 . WEIGHTED - AVERAGE METHOD, ASSIGNING COSTS ( CONTINUATION OF 1 8 - 2 4 ) . For the data in Exercise 1 8 - 2 4 , summarize total costs to account for, calculate cost per equivalent unit...

Weighted-average method, assigning costs (continuation of 18-17). For the data in Exercise 18-17, summarize total costs to account for, calculate the cost per equivalent unit for direct materials and...

Weighted-average method, assigning costs (continuation of 17-19). For the data in Exercise 17-19, summarize total costs to account for, calculate cost per equivalent unit for direct materials and...

Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units Beginning inventory of 4,100 units...

please answer ASAP. show all workings clearly. 18-21 Weighted average method, spollage, equivalent units. (CMA, adapted) Consider the following data for November 2017 from MacLean Manufacturing...

Weighted-average method, assigning costs (continuation of 18-17). REQUIRED For the data in Exercise 18-17, summarize total costs to account for, calculate the cost per equivalent unit for direct...

Weighted-average method, assigning costs (continuation of 17-29). REQUIRED For the data in Exercise 17-29, summarize total costs to account for, calculate cost per equiv- alent unit for direct...

FIFO method, assigning costs (continuation of 11-21). For the data in Exercise 17-19, use the FIFO method to summarize total costs to account for, calculate cost per equivalent unit for direct...

Sarah Practitioner is an attorney in practice for herself. She decides it is time to update her computer system, but she knows very little about the latest technological options. Sarah goes to a...

Which of the following is least likely to be considered an inherent risk relating to receivables and revenues? Multiple Choice O O Decline in sales due to economic declines. Restrictions placed on...

La corporacin Outdoor Furniture fabrica dos productos, bancos y mesas de picnic. La empresa cuenta con dos recursos principales: sus carpinteros (mano de obra) y el suministro de madera para fabricar...

Enter problem statement, appropriate input type, and other instructions here ABC Corporation and Billy form a general partnership ABC contributes a building with a fair market value of $1,000,000 and...