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Work in process, (July 1)ª Physical Units (Banners) 600 Direct Conversion Materials Costs $100,000 $2,000 Started in July2020 ? Good units completed and transferred out in July 50,000 Normal spoilage 4,000 Abnormal spoilage 3,500 Work in process, July31b 5,000 Total costs added during July2020 $150,000 $28,000 a Decorepletion: direct materials 100%; conversion costs, 50% b Decoepletion: direct materials, 100% onversion costs 50%

Work in process, (July 1)ª Physical Units (Banners) 600 Direct Conversion Materials Costs $100,000 $2,000 Started in July2020 ? Good units completed and transferred out in July 50,000 Normal spoilage 4,000 Abnormal spoilage 3,500 Work in process, July31b 5,000 Total costs added during July2020 $150,000 $28,000 a Decorepletion: direct materials 100%; conversion costs, 50% b Decoepletion: direct materials, 100% onversion costs 50%

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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Work in process, (July 1)ª Physical Units (Banners) 600 Direct Conversion Materials Costs $100,000 $2,000 Started in July2020 ? Good units completed and transferred out in July 50,000 Normal spoilage 4,000 Abnormal spoilage 3,500 Work in process, July31b 5,000 Total costs added during July2020 $150,000 $28,000 a Decorepletion: direct materials 100%; conversion costs, 50% b Decoepletion: direct materials, 100% onversion costs 50%
Transcribed Image Text:Work in process, (July 1)ª Physical Units (Banners) 600 Direct Conversion Materials Costs $100,000 $2,000 Started in July2020 ? Good units completed and transferred out in July 50,000 Normal spoilage 4,000 Abnormal spoilage 3,500 Work in process, July31b 5,000 Total costs added during July2020 $150,000 $28,000 a Decorepletion: direct materials 100%; conversion costs, 50% b Decoepletion: direct materials, 100% onversion costs 50%
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