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Process Costing Spoilage Appleton Company makes wooden toys in its Forming Department, and it uses...

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Process Costing Spoilage Appleton Company makes wooden toys in its Forming Department, and it uses process costing. All direct materials (DM) are added at the beginning of the process, and conversion costs (CC) are added evenly during the process. Spoiled units are detected at the halfway point. Summary data for August 2009 are: Work in process, beginning inventory 2,000 units, $17,700 DM, $10,900 CC Beg WIP 50% complete for CC Units started during August 10,000 units Good units completed and transferred out in August 9,000 units Normal spoilage as a percentage of good units 10% Work in process, ending inventory 1,800 units End WIP 75% complete for CC Cost incurred during August $81,300 DM, $93,000 CC 1. Prepare a schedule of physical and equivalent units for the month for both WA and FIFO

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