A firm uses a process-costing system and inspects its goods at the end of manufacturing. The inspection as of June 30 revealed the following information for the month of June-

A firm uses a process-costing
system and inspects its goods at the
end of manufacturing. The
inspection as of June 30 revealed
the following information for the
month of June-
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A firm uses a process-costing system and inspects its goods at the end of manufacturing. The inspection as of
June 30 revealed the following information for the month of June:
Good units completed 16,000
Normal spoilage (units) 300
Abnormal spoilage (units) 100
Unit costs were: materials, $3.50 and conversion costs, $6.00.
The number of units that the firm would transfer to its finished goods inventory and the related cost of these
units are:
Number of Units
Cost