Star Plastic company produces plastic cups. table below are the data for April 2019. Star Plastic uses the weighted average method for inventory calculations. raw materials are added at the beginning of the production process while conversion costs are added evenly throughout the process. calculate COST per equivalent units for CONVERSION COSTS
Star Plastic company produces plastic cups. table below are the data for April 2019. Star Plastic uses the weighted average method for inventory calculations. raw materials are added at the beginning of the production process while conversion costs are added evenly throughout the process. calculate COST per equivalent units for CONVERSION COSTS
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 15E: Costs per equivalent unit and production costs Based on the data in Exercise 17-14, determine the...
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Star Plastic company produces plastic cups. table below are the data for April 2019. Star Plastic uses the weighted average method for inventory calculations. raw materials are added at the beginning of the production process while conversion costs are added evenly throughout the process. calculate COST per equivalent units for CONVERSION COSTS
![Physical
Units
Direct
Conversion
Materials
Costs
$ 13,332
|Work in process, beginning inventory (April 1)
Degree of completion of beginning work in process
Started during April
Good units completed and transferred out during April
|Work in process, ending inventory (April 30)
Degree of completion of ending work in process
Total costs added during April
|Normal spoilage as a percentage of good units
Degree of completion of normal spoilage
Degree of completion of abnormal spoilage
2,400
$21,240
100%
50%
12,000
10,800
2,160
75%
$111,408
100%
$97,560
10%
100%
100%
100%
100%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbd9812c1-db79-45d2-94e0-f53caf23931b%2F3469ab01-a163-4419-8c25-ef5790c4180a%2Ffzce464_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Physical
Units
Direct
Conversion
Materials
Costs
$ 13,332
|Work in process, beginning inventory (April 1)
Degree of completion of beginning work in process
Started during April
Good units completed and transferred out during April
|Work in process, ending inventory (April 30)
Degree of completion of ending work in process
Total costs added during April
|Normal spoilage as a percentage of good units
Degree of completion of normal spoilage
Degree of completion of abnormal spoilage
2,400
$21,240
100%
50%
12,000
10,800
2,160
75%
$111,408
100%
$97,560
10%
100%
100%
100%
100%
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