18-30 WEIGHTED-AVERAGE METHOD, SPOILAGE. The White Crab Company is a food-processing company based in PEI. It operates u

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18 30 Weighted Average Method Spoilage The White Crab Company Is A Food Processing Company Based In Pei It Operates U 1 (56.55 KiB) Viewed 33 times

18 30 Weighted Average Method Spoilage The White Crab Company Is A Food Processing Company Based In Pei It Operates U 2 (71.32 KiB) Viewed 33 times

18-30 WEIGHTED-AVERAGE METHOD, SPOILAGE. The White Crab Company is a food-processing company based in PEI. It operates under the weighted-average method of process costing and has two departments: cleaning and packaging. For the cleaning department, conversion costs are added evenly during the process, and direct materials are added at the beginning of the process Spoiled units are detected upon inspection at the end of the process and are disposed of at zero net disposal value. All completed work is transferred to the packaging department. Summary data for May follow: LO 2 1. Normal spoilage equivalent units, conversion costs, 1,850 units
A The White Crab Company: Cleaning Department 1 2 Work-in-process, beginning inventory (May 1) 3 Degree of completion of beginning work-in-process 4 Started during May 5 Good units completed and transferred out during May Work-in-process, ending inventory (May 31) 6 7 Degree of completion of ending work-in-process Total costs added during May 8 9 Normal spoilage as a percentage of good units 10 Degree of completion of normal spoilage 11 Degree of completion of abnormal spoilage C Physical Direct Units Materials 2,500 $ 2,500 22,500 18,500 4,000 10% 100% 100% $22,500 100% 100% D Conversion Costs $ 2,000 80% 25% $20,000 100% 100% Required For the cleaning department, summarize total costs to account for, and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work-in-process. Carry unit-cost calculations to four decimal places when necessary. Calculate final totals to the nearest dollar. (Problem 18-320 explores additional facets of this problem.)