5 Electric Automotive Group is a maker of engines for high performance cars and uses a process costing system. The following information pertains to the final department of manufacturing for Electric's popular engine, the "Atomic 8". Beginning work-in-process (40% completed) Transferred-in Normal spoilage Abnormal spoilage Good units transferred out Ending work-in-process (25% completed) Conversion costs in beginning inventory 288 units 1,520 units 60 units 60 units 1,320 units 368 units Current conversion costs $ 172,500 $ 633,332 Electric Automotive Group calculates separate costs of spoilage by computing both normal and abnormal spoiled units. Normal spoilage costs are reallocated to good units and abnormal spoilage costs charged as a loss. The units of the Atomic 8 that are spoiled are the result of defects not discovered before inspection of finished units. Using the weighted-average method, answer the following questi What are the total conversion costs transferred to finished goods? Multiple Choice $725,880. О О $779,790. $845,410. $834,070.
5 Electric Automotive Group is a maker of engines for high performance cars and uses a process costing system. The following information pertains to the final department of manufacturing for Electric's popular engine, the "Atomic 8". Beginning work-in-process (40% completed) Transferred-in Normal spoilage Abnormal spoilage Good units transferred out Ending work-in-process (25% completed) Conversion costs in beginning inventory 288 units 1,520 units 60 units 60 units 1,320 units 368 units Current conversion costs $ 172,500 $ 633,332 Electric Automotive Group calculates separate costs of spoilage by computing both normal and abnormal spoiled units. Normal spoilage costs are reallocated to good units and abnormal spoilage costs charged as a loss. The units of the Atomic 8 that are spoiled are the result of defects not discovered before inspection of finished units. Using the weighted-average method, answer the following questi What are the total conversion costs transferred to finished goods? Multiple Choice $725,880. О О $779,790. $845,410. $834,070.
Chapter5: Process Costing
Section: Chapter Questions
Problem 3PB: Vexar manufactures nails. Manufacturing is a one-step process where the nails are forged. This is...
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