Cost Accounting Practices
The following data, in physical units, describe a grinding process for January : WIP, beginning 19,000 Started during current period150,000 To account for169,000 Spoiled units 12,000 Good units completed and transferred out132,000 WIP,ending 25,000 Accounted for169,000 Inspection occurs at the 100% completion stage. Normal spoilage is 5 % of the good units passing inspection. 1. Compute the normal and abnormal spoilage in units. 2. Assume […]