Incorporated manufactures medium-size desks in its ProcessingDepartment. Direct materials are added at the initiation of thecycle. Conversion costs are incurred evenly throughout theproduction cycle. Before inspection, some products are spoiled dueto non-detectible defects. Inspection occurs at the end of theprocess. Spoiled desks generally constitute 10% of the good units.Data for March 2019 are as follows: WIP, beginning inventory3/1/2019 30,000 Units Direct materials (100% complete) Conversioncosts (50% complete) Started during March 80,000 Units Completedand transferred out 3/31/2019 85,000 Units WIP, ending inventory3/31/2019 7,500 Units Direct materials (100% complete) Conversioncosts (20% complete) Costs for March: WIP, beginning Inventory:Direct materials $ 40,000 Conversion costs 75,000 Direct materialsadded 415,000 Conversion costs added 417,000
Q1) What is the number of total spoiled units?
Q2) Normal spoilage totals ________.
Q3) Abnormal spoilage totals ________.
Q4) What is the total cost per equivalent unit using theFirst-In-First Out method of process costing?
Q5) What cost is allocated to abnormal spoilage using theFirst-In-First Out method?
Q6) What is the amount of direct materials and conversion costsassigned to ending work in process using the First-In-First Outmethod?
Q7) What is the cost assigned to units completed and transferredout using the First-In-First Out method??
PLEASE: (Answer the questions with the details)
