Vincent Manufacturing Employs a Weighted Average Process Costing System for Its

Vincent Manufacturing employs a weighted average process costing system for its products.One product passes through three departments (Molding,Assembly,and Finishing)during production.The following activity took place in the Finishing Department during April:.
Units in beginning inventory                            4,200
Units transferred in from Assembly                  42,000
Units spoiled                                                    2,100
Good units transferred out                                  33,600

The costs per equivalent unit of production for each cost failure area as follows:

Cost of prior departments	$5.00
Raw material	1.00
Conversion	3.00
Total cost per EUP	$9.00

Raw material is added at the beginning of the Finishing process without changing the number of units being processed.Work in process inventory was 40 percent complete as to conversion on April 30.All spoilage was discovered at final inspection.Of the total units spoiled,1,680 were within normal limits.Spoilage is considered discrete.
Required:
a. Calculate the equivalent units of prochuction
b. Determine the cost of units transferred out of Firishing
c. Determine the cost of ending Work in Process Inventory
d. The portion of the total transferred in cost associated with beginning Work in Process Inventory amounted to $\$ 18,900$ . What is th current period cost that was transferred in from Assembly to Finishing?
e. Determine the cost associated with abnormal spoilage for the month.

Correct Answer:

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