3. Consider the following data for November 2017 from Gray 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. Suppose Gray Manufacturing Company uses the FIFO method of process costing (Click the icon to view the data.) Read the requirement? Enter the physical units in first, then calculate the equivalent units. (Complete all input fields. Enter a "O" for any zero amounts.) Physical Units Equivalent Units Direct Conversion Materials Costs Flow of Production Work in process, beginning Started during current period To account for 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 Accounted for Equivalent units of work done in current period 1: Data Table Physical Units Direct Conversion (Pennants) Materials Costs Work in process, November 1" 1.400 $1.263 $1,756 Started in November 2017 Good units completed and transferred out during November 2017 9,600 Normal spoilage 170 Abnormal spoilage Work in process, November 30 2,500 Total costs added during November 2017 $14.209 $25,467 "Degree of completion direct materials. 100% conversion costs, 65% "Degree of completion direct material 100%.conversion costs, 35 60 2: Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule