Knight Corporation Knight Corporation has the following information for the current month:
All materials are added at the start of the production process. Knight Corporation inspects goods at 75 percent completion as to conversion.
Refer to Knight Corporation. Assume that the costs per EUP for material and conversion are $2.00 and $2.25, respectively. What is the cost assigned to normal spoilage, using weighted average, and where is it assigned?

Question

Knight Corporation Knight Corporation has the following information for the current month:
 All materials are added at the start of the production process. Knight Corporation inspects goods at 75 percent completion as to conversion.
Refer to Knight Corporation. Assume that the costs per EUP for material and conversion are $2.00 and $2.25, respectively. What is the cost assigned to normal spoilage, using weighted average, and where is it assigned?

Quizplus · Accepted Answer

The Answer of Knight Corporation Knight Corporation has the following information for the current month:
 All materials are added at the start of the production process. Knight Corporation inspects goods at 75 percent completion as to conversion.
Refer to Knight Corporation. Assume that the costs per EUP for material and conversion are $2.00 and $2.25, respectively. What is the cost assigned to normal spoilage, using weighted average, and where is it assigned?

Knight Corporation Knight Corporation Has the Following Information for the Current