Chiplist is a? fast-growing manufacturer of computer chips.Direct materials are added at the start of the production process.Conversion costs are added evenly during the process. Some units ofthis product are spoiled as a result of defects not detectablebefore inspection of finished goods. Spoiled units are disposed ofat zero net disposal value. Chiplist uses the FIFO method ofprocess costing. Summary data and? weighted-average data forSeptember 2017 are as? follows:

	Physical Units (Computer Chips)	Direct Materials	Conversion Costs
Work in process, beginning inventory (September 1)	800	$ 157,088	$ 13,068
Degree of completion of beginning work in progress		100%	30%
Started during September	2,728
Good units completed and transferred out during September	2,400
Work in process, ending inventory (September 30)	480
Degree of completion of ending work in process		100%	15%
Total costs added during September		$ 583,792	$ 239,040
Normal spoilage as a percentage of good units	15%
Degree of completion of normal spoilage		100%	100%
Degree of completion of abnormal spoilage		100%	100%

	Total Production Costs	Direct Materials	Conversion Costs
Cost per equivalent unit for work done to date		$ 210.00	$ 81.00
Cost of units completed and transferred out	$ 803,160	$ 579,600	$ 223,560
Abnormal spoilage	83,808	60,480	23,328
Work in process, ending	106,632	100,800	5,832
Total costs accounted for	$ 993,600	$ 740,880	$ 252,720

1.	For each cost? category, compute equivalent units. Show physicalunits in the first column of your schedule.
2.	Summarize the total costs to account? for; calculate the costper equivalent unit for each cost? category; and assign costs tounits completed and transferred out? (including normal? spoilage),to abnormal? spoilage, and to units in ending work in process.
3.	Should Chiplist?'s managers choose the? weighted-average methodor the FIFO?method? Explain briefly.