Use the following information for the next 5 questions.
Macey Company uses a weighted-average process costing system. Beginning inventory consists of 6,000 units, 40% complete. Units started are 14,000, completed are 10,000, and ending inventories are 9,000 units, 70% complete. Normal spoilage is 5% of the units inspected. Direct material is added at the 75% point and spoilage inspection occurs at the 80% point. The cost per equivalent unit for materials was $1.00 and $3.00 for conversion costs.
-The cost of the ending work in process was
A) $30,600
B) $18,900
C) $28,800
D) $36,000
Correct Answer:
Verified
Q83: Use the following information for the next
Q84: Use the following information for the next
Q85: Equivalent units of production are the
A) Number
Q85: Normal spoilage is:
A) Considered to be a
Q86: Use the following information for the next
Q86: Normal spoilage can be defined as:
A) Controllable
Q89: Abnormal spoilage is:
A) The units that exceed
Q89: Use the following information for the next
Q90: Use the following information for the next
Q91: The difference between the weighted average and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents