The Corporation. uses the weighted-average process costing system that calculates normal rework as 2% of the units passing inspection. The inspection point is at 75% point and units failing inspection are returned to the 40% point. During the current period, 50,000 units were started, 62,000 units inspected; and 52,000 units completed. Direct Material is added at the 50% point and conversion occur uniformly. Beginning work in process was 10,000 units, 55% complete and ending work in process was 8,000 units, 85% complete.
- Costs per equivalent unit for material were $1.00 and $3,00 for conversion costs.
- Number of units reworked is?
- What is amount of abnormal rework?