Dallas Co.has a production process in which the inspection point is at 65 percent of conversion.The beginning inventory for July was 35 percent complete and ending inventory was 80 percent complete.Normal spoilage costs would be assigned to which of the following groups of units,using FIFO costing?
Beginting Ending &nbsUnitsStarted
$\text {\underline{ Inventory }}$ $\text {\underline{ Inventory} }$ $\text {\underline{ \& Completed }}$

Question

Dallas Co.has a production process in which the inspection point is at 65 percent of conversion.The beginning inventory for July was 35 percent complete and ending inventory was 80 percent complete.Normal spoilage costs would be assigned to which of the following groups of units,using FIFO costing?
Beginting                             Ending               &nbsUnitsStarted
$\text {\underline{ Inventory }}$                $\text {\underline{ Inventory} }$             $\text {\underline{ \& Completed }}$

Quizplus · Accepted Answer

The Answer of Dallas Co.has a production process in which the inspection point is at 65 percent of conversion.The beginning inventory for July was 35 percent complete and ending inventory was 80 percent complete.Normal spoilage costs would be assigned to which of the following groups of units,using FIFO costing?
Beginting                             Ending               &nbsUnitsStarted
$\text {\underline{ Inventory }}$                $\text {\underline{ Inventory} }$             $\text {\underline{ \& Completed }}$

Dallas CoHas a Production Process in Which the Inspection Point Is