Consider the following data for a cooking department for the month of February:

Physical Units

Work in process, beginning inventory* 11,000

Started during current period 74,000

To account for 85,000

Good units completed and transferred out during current period:

From beginning work in process 11,000

Started and completed 50,000

Good units completed 61,000

Spoiled units 8,000

Work in process, ending inventory~ 16,000

Accounted for 85,000

*Direct material,100% complete;conversion costs,25% complete ~Direct material,100% complete;conversion costs,75% complete Inspection occurs when production is 100 percent completed.Normal spoilage is 11 percent of good units completed and transferred out during the current period. The following cost data are available:

Work in process, beginning inventory:

Direct material $220,000

Conversion costs 30,000 $ 250,000

Costs added during current period:

Direct material 1,480,000

Conversion costs 942,000

Costs to account for $2,672,000

Required:Prepare a detailed cost of production report.Use the FIFO method.Distinguish between normal and abnormal spoilage.

Question

Consider the following data for a cooking department for the month of February:

	Physical Units
Work in process, beginning inventory*	11,000
Started during current period	74,000
To account for	85,000
Good units completed and transferred out during current period:
	From beginning work in process	11,000
	Started and completed	50,000
	Good units completed	61,000
Spoiled units	8,000
Work in process, ending inventory~	16,000
Accounted for	85,000

*Direct material,100% complete;conversion costs,25% complete ~Direct material,100% complete;conversion costs,75% complete Inspection occurs when production is 100 percent completed.Normal spoilage is 11 percent of good units completed and transferred out during the current period. The following cost data are available:

Work in process, beginning inventory:
	Direct material	$220,000
	Conversion costs	30,000	$ 250,000
Costs added during current period:
	Direct material		1,480,000
	Conversion costs		942,000
Costs to account for		$2,672,000

Required:Prepare a detailed cost of production report.Use the FIFO method.Distinguish between normal and abnormal spoilage.

Quizplus · Accepted Answer

The Answer of Consider the following data for a cooking department for the month of February:

	Physical Units
Work in process, beginning inventory*	11,000
Started during current period	74,000
To account for	85,000
Good units completed and transferred out during current period:
	From beginning work in process	11,000
	Started and completed	50,000
	Good units completed	61,000
Spoiled units	8,000
Work in process, ending inventory~	16,000
Accounted for	85,000

*Direct material,100% complete;conversion costs,25% complete ~Direct material,100% complete;conversion costs,75% complete Inspection occurs when production is 100 percent completed.Normal spoilage is 11 percent of good units completed and transferred out during the current period. The following cost data are available:

Work in process, beginning inventory:
	Direct material	$220,000
	Conversion costs	30,000	$ 250,000
Costs added during current period:
	Direct material		1,480,000
	Conversion costs		942,000
Costs to account for		$2,672,000

Required:Prepare a detailed cost of production report.Use the FIFO method.Distinguish between normal and abnormal spoilage.

Consider the Following Data for a Cooking Department for the Month