What Cost Is Allocated to Abnormal Spoilage Using the Weighted-Average
What cost is allocated to abnormal spoilage using the weighted-average process-costing method? A)$ 0 B)$26,880 C)$53,760 D)$29,000 E)$14,700
What are the amounts of direct materials and conversion costs assigned to ending work-in-process using the weighted-average process-costing method? A)$6,720; $27,840 B)$27,840; $6,720 C)$27,840; $33,600 D)$33,600; $27,840 E)$633,600; $6,720
Viking Sports is a manufacturer of sport swear.It produces all of its products in one department.The information for the current month is as follows: Beginning work-in-process was half complete as to conversion.Direct materials are added at the beginning of the process.Factory overhead is applied at a rate equal to 50 percent of direct manufacturing labour.Ending work-in-process was 60 percent complete.All spoilage is normal and is detected at end of the process.Required: Prepare a production cost worksheet assuming that spoilage is recognized and the weighted-average method is used.
The Skate Board Company uses a process cost system for making skateboard wheels.Materials are added at the beginning of the process and conversion costs are uniformly incurred.At the beginning of September the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete.Spoilage is detected at the end of the process.Other data for the month include: Beginning work-in-process costs: Required: a.Prepare a production cost worksheet assuming that spoilage is recognized and the weighted-average method is used. b.Prepare journal entries to record transferring out of cost from the work-in-process accounts.