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SashulF [63]
3 years ago
8

Atlantic Manufacturing Company uses process costing. All materials are added at the beginning of the process. The normal spoilag

e rate is calculated as 10% of good units completed.The cost of the beginning work-in-process in the Month of May is $3,000,000, including$1,600,000 of input of materials, 100,000 units, and $1,400,000 for conversion costs. The beginning work-in-process is 70% complete.During May, the input includes $7,400,000 for materials, 800,000 units started and $4,190,000 for conversion costs. There were 700,000 good units finished. In addition, the ending work-in- process in May is 100,000 units with 60% complete. The abnormal spoilage is 30,000 units. All spoilage occurred when all processing was complete, at the final inspection.Required: Use the weighted-average method to calculate:(a) The dollar value of abnormal spoilage.(b) The cost of the good units finished.(c) The cost of ending work-in-process inventory.
Business
1 answer:
zavuch27 [327]3 years ago
3 0

Answer:

(a) The dollar value of abnormal spoilage.

$499,317.

(b) The cost of the good units finished.

$12,669,193.

(c) The cost of ending work-in-process inventory

$1,421,491.

The complete solution of the problem is attached with an excel spreadsheet.

Download xls
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From an operations standpoint, one of the goals of the firm under the theory of constraints is to increase throughput while simu
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True

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2 years ago
The following information is drawn from Royal Industries' cash budget: Cash Receipts $ 40,000 Beginning Cash Balance $ 10,000 Ca
Andreyy89

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

8 0
2 years ago
Sandhill Company had cash receipts from customers in 2020 of $117,140. Cash payments for operating expenses were $104,320. Sandh
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Answer:

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Explanation:

The computations are shown below:

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3 years ago
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