1. abnormal spoilage?

2. equivalent units of production or direct material under average costing

3. eup of conversion cost?

4. eup of Dm under fifo

5. eup of Conversion cost in fifo

An entity is employing process costing regarding its production cycle. Conversion costs are added uniformly at during the production process while direct materials are added 20% at the start of production process, 45% at the middle of the production process and the remainder at the end of production process. The entity is conducting inspection when the production process is at 45% of conversion cost. The production data of the entity during the year is presented below 10,000 units (40% incomplete as to Beginning Work in Process Inventory conversion costs) Units started during the year Ending Work in Process Inventory conversion costs) 40,000 units 5,000 units (80% complete as to Units completed during the penod 38,000 units Additional notes are provided Normal spoilage is 10% of units started during the year