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What is the number of abnormal spoiled units recognized at the 100% stage of completion?

What is the number of abnormal spoiled units recognized at the 100% stage of completion?

FINANCIAL ACCOUNTING
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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The following table presents the flow of production in units. Assume that there are 5,000 total spoiled units at each stage of completion and that the normal spoilage rate is 3% of good units passing the inspection point. Click the icon to view the flow of production table. What is the number of abnormal spoiled units recognized at the 100% stage of completion? A. 3,200 B. 3,260 C. 3,050 D. 3,350 E. 3,500 Flow of Production Work-in-process beginning (20% complete) Started during the month To account for Good units completed and transferred Normal spoilage Abnormal spoilage Work-in-process ending inventory (30% complete) To account for Physical Units Inspection at Stage of Completion at 15% at 40% at 100% 10,000 10,000 10,000 55,000 55,000 55,000 65,000 65,000 65,000 58,000 ? ? 3,000 65,000 58,000 ? ? 3,000 65,000 58,000 ? ? 3,000 65,000 X
Transcribed Image Text:The following table presents the flow of production in units. Assume that there are 5,000 total spoiled units at each stage of completion and that the normal spoilage rate is 3% of good units passing the inspection point. Click the icon to view the flow of production table. What is the number of abnormal spoiled units recognized at the 100% stage of completion? A. 3,200 B. 3,260 C. 3,050 D. 3,350 E. 3,500 Flow of Production Work-in-process beginning (20% complete) Started during the month To account for Good units completed and transferred Normal spoilage Abnormal spoilage Work-in-process ending inventory (30% complete) To account for Physical Units Inspection at Stage of Completion at 15% at 40% at 100% 10,000 10,000 10,000 55,000 55,000 55,000 65,000 65,000 65,000 58,000 ? ? 3,000 65,000 58,000 ? ? 3,000 65,000 58,000 ? ? 3,000 65,000 X
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