Use the information below to answer the following question(s).Cartwright Custom Carpentry manufactures chairs in its Processing Department, and uses the FIFO cost flow assumption.Direct Materials are included at the inception of the production cycle and must be bundled in single kits for each unit.Conversion costs are incurred evenly throughout the production cycle.Inspection takes place at the end of the process, and spoiled units generally constitute 3 percent of the good output.Information provided for March is as follows:

-What costs would be associated with normal and abnormal spoilage, respectively, using the FIFO method of process costing?
A)$5,890.64; $9,133.20
B)$5,890.64; $5,826.00
C)$6,469.64; $7,690.36
D)$7,690.36; $5,026.80
E)$9,133.20; $5,026.80

Question

Use the information below to answer the following question(s).Cartwright Custom Carpentry manufactures chairs in its Processing Department, and uses the FIFO cost flow assumption.Direct Materials are included at the inception of the production cycle and must be bundled in single kits for each unit.Conversion costs are incurred evenly throughout the production cycle.Inspection takes place at the end of the process, and spoiled units generally constitute 3 percent of the good output.Information provided for March is as follows:
 
-What costs would be associated with normal and abnormal spoilage, respectively, using the FIFO method of process costing?
A)$5,890.64; $9,133.20 
B)$5,890.64; $5,826.00 
C)$6,469.64; $7,690.36 
D)$7,690.36; $5,026.80 
E)$9,133.20; $5,026.80

Quizplus · Accepted Answer

The Answer of Use the information below to answer the following question(s).Cartwright Custom Carpentry manufactures chairs in its Processing Department, and uses the FIFO cost flow assumption.Direct Materials are included at the inception of the production cycle and must be bundled in single kits for each unit.Conversion costs are incurred evenly throughout the production cycle.Inspection takes place at the end of the process, and spoiled units generally constitute 3 percent of the good output.Information provided for March is as follows:
 
-What costs would be associated with normal and abnormal spoilage, respectively, using the FIFO method of process costing?
A)$5,890.64; $9,133.20 
B)$5,890.64; $5,826.00 
C)$6,469.64; $7,690.36 
D)$7,690.36; $5,026.80 
E)$9,133.20; $5,026.80

Use the Information Below to Answer the Following Question(s)