Question

This Question: 100 pts 1 of 1 Logica is a fast growing manufacturer of computer chips Direct materials are added at the start of the production process Conversion costs are added evenly during the process. Some units of this produdare spoed as a resu defects not detectable before respection of finished goods Spoiled units are disposed of zero nel disposal value LogicCo the weighted average method of process ing Summary data for September 2017 are as follow Click the icon to view the data) Read the requirements of your schedule Requirement 1. For each cost category, compute equivalent units Show physical units in the first Enter the physical units in first, then calculate the equivalent units Data Table Physical Units Equivalent Units Direct Conversion Materials Costs Flow of Production Work in process beginning Started during current period Physical Units Direct Conversion (Computer Chips) Materials Costs 900 $125,766 $10,368 100% 2.754 2.500 30% To account for Completed and transferred out during current period Normalspolage Abnormal spolage Work in process beginning inventory (September 1) Degree of completion of being work in process Started during September Good units completed and transferred out during September Work in process, ending inventory (September 30) Degree of completion of ending work in process Total costs added during September Normalspolage as a percentage of good units Degree of completion of normal spolage Degree of completion of abnormal spolage 100% 5619.650 105 253 098 15% 100% 100% 100% 100% Choose from any list or enter any number in the input fields and then continue to the next questi Save for Later Print [ Done Type here to search o e a 1 9 W *G* 4** 1923/2018

Answer 1

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Part 1
		Equivalent Units
	Physical	Direct	Conversion
Flow of Production	Units	Materials	Costs
Work in process, beginning (given)	900
Started during current period (given)	2,754
To account for	3,654
Good units completed and transferred out
during current period:	2,500	2,500	2,500
Normal spoilage*	375
375X100%; 375X100%		375	375
Abnormal spoilage†	289
289X100%; 289X100%		289	289
Work in process, ending‡ (given)	490
490X100%; 490X10%		490	49
Accounted for	3,654
Equivalent units of work done to date		3,654	3,213
Part 2
	Total
	Production	Direct	Conversion
	Costs	Materials	Costs
Work in process, beginning (given)	$       136,134	$                                       125,766	$           10,368
Costs added in current period (given)	$       872,748	$                                       619,650	$         253,098
Total costs to account for	$   1,008,882	$                                       745,416	$         263,466
Costs incurred to date		$                                       745,416	$         263,466
Divided by equivalent units of work done to date		3,654	3,213
Cost per equivalent unit		$                                               204	$                    82
Part 3
Assignment of costs:
Good units completed and transferred out (2,500 units)
Costs before adding normal spoilage	$       715,000	$                                       510,000	$         205,000	(2,500X$204) +(2,500X$82)
Normal spoilage (375 units)	$       107,250	$                                         76,500	$           30,750	(375X$204) +(375X$82)
(A) Total cost of good units completed and transferred out	$       822,250	$                                       586,500	$         235,750
(B) Abnormal spoilage (289 units)	$         82,654	$                                         58,956	$           23,698	(289X$204) +(289X$82)
(C) Work-in-process, ending (490 units)	$       103,978	$                                         99,960	$              4,018	(490X$204) +(49X$82)
(A)+(B)+(C)    Total costs accounted for	$   1,008,882	$                                       745,416	$         263,466