Please help me with explanation thanku Eagles Ltd uses process costing in its Fabricating Department. At the beginning of October, it had 12,000 units in beginning work-in-process that were 40%complete with respect to conversion. During October, it put 87.000 units into production and completed 89.000 good units. On October 31, there were 3.000 units inending work-in-process that were 70% complete with respect to conversion. Direct materials are added at the beginning of the process. Inspection occurs at the endof the process, and normal spoilage is 6% of good output. Costs related to the beginning inventory were $36,800 for direct materials and $28,600 for conversioncosts. During the month, the company issued $280,000 of direct materials and incurred $599,400 of conversion costsAssume Eagles uses the weighted-average method of process costing. What are the normal and abnormal spollage units, respectively for October?OA. 5,340 units: 1,660 unitsOB. 5,220 units; 1,780 unitsOC. 7,000 units: 1,660 unitsOD. 5,340 units: 1,780 unitsOE. 5,940 units; 1,060 unitsCERED

To solve this problem, we need to calculate the equivalent units of production for direct materials…

complete with respect to conversion. During October, it put 87.000 units into production and completed 89,000 gom ending work-in-process that were 70% complete with respect to conversion. Direct materials are added at the beg of the process, and normal spoilage is 6% of good output. Costs related to the beginning inventory were $36,800 f costs. During the month, the company issued $280,000 of direct materials and incurred $599,400 of conversion co Assume Eagles uses the weighted-average method of process costing. What are the normal and abnormal spollag

complete with respect to conversion. During October, it put 87.000 units into production and completed 89,000 gom ending work-in-process that were 70% complete with respect to conversion. Direct materials are added at the beg of the process, and normal spoilage is 6% of good output. Costs related to the beginning inventory were $36,800 f costs. During the month, the company issued $280,000 of direct materials and incurred $599,400 of conversion co Assume Eagles uses the weighted-average method of process costing. What are the normal and abnormal spollag

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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