UNO Co's second department uses the FIFO method. OnNovember 1, the beginning work in process of 45,000units is 70% complete. During November, 160,000 unitswere transferred in from the first department of UNO'sproduction cycle. Furthermore, the number of units in thesecond department increased by 80,000 units. 240,000units were completed by the second department duringNovember. On November 3O, the ending work in process,comprised of 42,500 units, is 90% complete. Inspectionpoint is at 95% conversion. Materials are added at 95%conversion immediately after the inspection point. Theacceptable level of normal spoilage per month is a quarterof 1% of all units placed into production in the currentmonth, after considering accretion, if any.1. How many spoiled units were considered as abnormal spoilage?2. What is the equivalent unit of production for direct materials?3. What is the equivalent unit of production for conversion costs?

Name: UNO Co's second department uses the FIFO method. OnNovember 1, the be
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Description: UNO Co's second department uses the FIFO method. OnNovember 1, the beginning work in process of 45,000units is 70% complete. During November, 160,000 unitswere transferred in from the first department of UNO'sproduction cycle. Furthermore, the numbe

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1. How many spoiled units were considered as abnormal spoilage? 2. What is the equivalent unit of production for direct materials? 3. What is the equivalent unit of production for conversion costs?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 19E

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