Exercise 6-46

Insert your answers in the gray-shaded cells of columns E, G and I. If an

answer is incorrect, an asterisk will appear.

a.

Units

Material

Conversion

Beginning inventory

    40,000

Pounds started

4,25,000

Pounds to account for

Beginning inventory completed

    40,000

              –  

           6,000

Started & completed

4,05,000

    4,05,000

      4,05,000

Ending inventory

    10,000

       10,000

           2,500

Normal spoilage

      2,000

              –  

                 –  

Abnormal spoilage

      8,000

         8,000

           5,600

EUP (FIFO)

b.

Ending inventory:

  Material

$      800

  Conversion

         375

  Total cost

c.

Abnormal spoilage:

  Material

$      640

  Conversion

         840

  Total cost

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