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Consider the following data for November 2015 from Grey Manufacturing Company, which makes silk pennants and uses a process-costing system. All direct materials are added at the beginning of the process, and conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value. Grey Manufacturing Company uses the FIFO method of process costing. (Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Required Summarize total costs to account for calculate the cost per equivalent unit for direct materials and conversion costs, and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. ... Begin by summarizing the total costs to account for. Data table Conversion Total Production Costs Direct Materials Costs Equivalent Units Direct Conversion Materials Costs Flow of Production Total costs to account for 0 500 Data table 8,000 Good units completed and transferred out during current period: From beginning work in process Started and completed Normal spoilage Abnormal spoilage Work in process, ending 8,000 100 100 50 Conversion 50 2,000 600 Direct Materials $1.423 Costs $1,110 10,150 Work done in current period only 9,250 Physical Units (pennants) Work in process, November 1a 1,000 Started during November 2015 ? Good units completed and transferred out during November 2015 9,000 Normal spoilage 100 Abnormal spoilage 50 Work in process, November 300 2.000 Total costs added during November 2015 Degree of completion direct materials, 100%; conversion costs, 50%. Degree of completion direct materials, 100%; conversion costs, 30% Print Done $12,180 $27.750 Print Done

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