Question

Consider the following data for November 2017 from MacLean 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. Suppose MacLean Manufacturing Company uses the FIFO method of process costing. E: (Click the icon to view the data.)
Please help with Hw problem , need explanations if possible please and thank you

Answer 1

Answer The consider All direct shop date for November 2017 materials are added at the begining of the proces Beginning work in proces =) physical Grits = 1350 started during current period a to 6.30 -3(10630-1350) physical unit = 9280 umb to account for = 1350 + 9 280 a physical Unit = 10630 Good unit completed and transfered out during current period physical unit =8800

Normal spoilage = 80 (sox looy *.100) physical unit =80 Abnormal Sporlage €50 => 50 X 100%, 50x100 physical ont = 50 Ending : work in process inventory (1 700 x 100% 1,400*354) - 1700 ont Accounted ? 10.630 The equiverdent unit for direct mater Conversion cost onder weighted Average Beginning work in proces physical Unit = 1350 ..

started during current period .. physical unit = 928 ... unit to accont 2 10,630 Good ont completed and bronstored ont during Current physeal on't =8800 Direct materials - 8800 A conversion cost =8800 Normal Spoulag 80 % physical unit =80 Disueel material = 80 Convesion Cost : 80 Abnormal Spoilage = 5o. physical unit = 50 Direct Martorell - 50

Ending work in process inventory @ physical unit a 1700 Direct Matericely 51400 Conversian costs : 595 ont accounted = 10.630 Equivalent unit to dered matorul = 10.630 tot .: conversion cost = 9,525 unit Determni the equivalent and for diral material conversion costs ondo FIFO Beginning work in process : physical unit = 1350 Current during period 2 0 started physical Unit = 9280

© Orvel to account = (0,630 Begnning work in process Given > (1350x0%) =1350x (1009. – 459.) : 1350 * (0.55) conversion Costs = 74 Good uncls started completed and freuferred out during current period physical unit 27450 (8800-1350) = 7hso Direct material = 74,50 Conversion cost = 74.50 Normal spoilage 280 ..

6 physical unit a so Direct Material - 80 Conversion costs - 80 Abnoromal Sportage = physical unit =500 Disiede material. - 50 Conversion costs = 50 Ending work in proceso inventory physical anit = 1700 Direct material = 1700 Conversion costs 595 : Units accounted = 10 630

squivalent out of work done 6 Digreet materials = 9 2.80 Conversion costs = 8918 Onits for dried materials = 10,630 units : Onits and conversion costs = 9525 nits Unite for direct material - 9280 units i conversion costs - 8918 unita