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Question: Refer to the information in Problem 18-

Refer to the information in Problem 18-32 except for the transferred-in costs for May, which equal the total cost of good units completed and transferred out in May from the cleaning department, which were calculated in Problem 18-31 using the FIFO method of process costing. Required: For the packaging department, use the FIFO method to 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. Data from Problem 18-32: In Boston Company’s packaging department, conversion costs are added evenly during the process, and direct materials are added at the end 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 next department. The transferred-in costs for May equal the total cost of good units completed and transferred out in May from the cleaning department, which were calculated in Problem 18-30 using the weighted-average method of process costing. Summary data for May follow.
Refer to the information in Problem 18-32 except for the transferred-in costs for May, which equal the total cost of good units completed and transferred out in May from the cleaning department, which were calculated in Problem 18-31 using the FIFO method of process costing.

Required:
For the packaging department, use the FIFO method to 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.

Data from Problem 18-32:

In Boston Company’s packaging department, conversion costs are added evenly during the process, and direct materials are added at the end 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 next department. The transferred-in costs for May equal the total cost of good units completed and transferred out in May from the cleaning department, which were calculated in Problem 18-30 using the weighted-average method of process costing. Summary data for May follow.


Required:
For the packaging department, use the weighted-average method to 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.

Required: For the packaging department, use the weighted-average method to 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.





Transcribed Image Text:

Insert Page Layout A Home Formulas Data Review View D Physical Transferred-In Units Direct Conversion The Boston Company: Packaging Department 2 Work in process, beginning inventory (May 1) Degree of completion of beginning work in process 4 Started during May 5 Good units completed and transferred out during May 6 Work in process, ending inventory (May 31) Degree of completion of ending work in process 8 Total costs added during May 9 Normal spoilage as a percentage of good units 10 Degree of completion of normal spoilage 11 Degree of completion of abnormal spoilage 1 Costs Materials Costs 10,500 $39,460 $ 0 $14,700 3 100% 0% 70% 20,500 22,000 7,000 100% 0% 40% ? $4,800 $38,900 8% 100% 100% 100% 100%



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2.99

See Answer