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-

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