Reference no: EM132959066
Question - Consider the following facts: Beginning work in process 5,000 units
Units started 106,000 units
Units completed 84,000 units
Ending work in process 10,000 units
Beginning work-in-process direct materials $15,000
Beginning work-in-process conversion $12,000
Direct materials added during month $318,000
Conversion Costs $258,000
Beginning work in process was half complete as to conversion. Direct materials are added at the beginning of the process. Ending work in process was 70% complete. Conversion costs are applied evenly throughout the process. All spoilage is normal and is detected at end of the process. The company uses the weighted average method for process costing.
Required -
1. How many units were spoiled?
2. What is the dollar amount of COGM?
3. What is the total per unit amount for units completed and transferred out?
4. What is the value of ending WIP inventory?
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