Question

E18-24 (similar to) Question Help Consider the following data for November 2017 from Fenton Manufacturing Company, which makes silk 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. Fenton Manufacturing Company uses the FIFO method of process costing. (Click the icon to view the data.) (Click the icon to view the equivalent unit computatior Read the requirement. 1 Data Table Begin by summarizing the total costs to account for. Total Direct Conversion Production Costs Materials Costs Direct Materials $1,032 Conversion Costs $740 Total costs to account for Physical Units (Pennants) Work in process, November 18 1,050 Started in November 2017 Good units completed and transferred out during November 2017 8,900 Normal spoilage 120 Abnormal spoilage Work in process, November 305 1,800 Total costs added during November 2017 Degree of completion: direct materials, 100%; conversion costs, 40%. Degree of completion: direct materials, 100%; conversion costs, 15%. 40 $10,791 $25,839 Print Done Choose from any list or enter any number in the input fields and then click Check Answer.

Answer 1

	Total production cost	Direct material	conversion cost
Beginning work in process	1772	1032	740
current period cost/cost added during November 2017	36630	10791	25839
Total cost to account for	38402	11823	26579