2 3 + 5 6 S&S Co. uses a Weighted Average process costing system to account for the costs. In Department 1, direct materials are added at the beginning of the process. Conversion costs are added evenly throughout the process. Inspection occurs when production is 90% complete. Normal spoilage is 2% of good units completed and transferred out. Following is the additional information for December in Dept. 1. Units Direct Conversion Materials Costs 2,000 $14.900 $12,625 2 50% $140.800 $443,000 0 WIP, Dec 1 Degree of completion for beginning WIP Started during December Completed and transferred out WIP, Dec 31 Degree of completion for ending WIP 13.000 10,500 4,100 40% Required: 1. Prepare the schedule to calculate equivalent units in Department 1 under the Weighted Average method. (10 marks) 10 40 2. Calculate the cost per equivalent unit using the Weighted Average method. (2 marks) 41 32 43 47 48 49 3. Assign costs to units transferred out, to abnormal spoilage, and to ending WIP under WA method. (5 marks) 50 1 2 3 + . 4. Prepare journal entries for the costs transferred out of the department including abnormal spoilage. (2 marks)