Traverse Thermal produces insulated coolers. This is a continuous process environment. Direct materials are added at the beginning of the process. Conversion costs are adding all during the manufacturing process. The manufacturing has a computer aided quality control step which rejects 1% of the production for defects.
Required information:
- Compute the units to account for, number of normal spoilage and number of abnormal
spoilage. - Compute the equivalent units
- Compute the cost per unit and completed and transferred out of the process.
- Compute the total costs to account for, compute cost per equivalent unit, and assign costs.
Follow the instructions you see on the Data tab of the worksheet. Show all calculations within the cells of the Excel spreadsheet (found in Module 4 or by clicking “Next” at the bottom of this page). This means that you must use formulas and links so that your thought process can be examined. Ensure you include a detailed explanation of each journal entry that you make or do not make on each date to convey your thought process as well. There should be no hard coding of solutions.
Review the grading rubric to understand how you will be graded on this assignment. Reach out to your instructor if you have questions about the assignment.
Submit your downloaded and completed Excel file with your name added to the file name for grading by your instructor to the CT Assignment submission area in Module 4.
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