A firm uses a process costing st=ystem and inspects its goods at the end of manufacturing.the inspection as of june 30 revealed the following information for the  month of june: Good units completed    24000 normal spoilage(units)   65 abnormal spoilage(units)  2000 units cost were materials $12.00 and conversion cost $9.50. the number of units that the firm would transfer its finished goods inventory and the realted cost of these units are: a) number of units? b) Cost

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 9EB: Production data show 15,200 units were transferred out of a stage of production and 3,500 units...
icon
Related questions
Question

A firm uses a process costing st=ystem and inspects its goods at the end of manufacturing.the inspection as of june 30 revealed the following information for the  month of june:

Good units completed    24000

normal spoilage(units)   65

abnormal spoilage(units)  2000

units cost were materials $12.00 and conversion cost $9.50. the number of units that the firm would transfer its finished goods inventory and the realted cost of these units are:

a) number of units?

b) Cost?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Quality control
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning