52. During the month, Reckem Inc. produces a single product, Kolapze, en mass in a continuous production process. The company spent $450,000 in direct materials in the month and recorded conversion costs of $275,000 to start 150,000 units, completing and transferring 120,000 units, converting the production run to 60% completion. The company started the month with 50,000 units in beginning WIP inventory with $150,000 in direct materials costs and $499,000 conversion costs. While 5% spoilage is normally expected, 10,000 units were spoiled during the month, with all other units remaining in ending work in process inventory. Using the weighted- average process costing method, complete the following table to assign costs to ending work in process inventory, spoiled units and units completed and transferred out. (20 marks) Flow of Production Work in Process, Beginning Started during month To Account For Unit Assignment From WIP, Beginning Started and Completed Normal Spoilage Abnormal spoilage Work in Process, Ending Accounted For Equivalent Units Physical Units Direct Materials Conversion Costs Cost Assignment Total Costs Direct Materials Conversion Costs Work in Process, Beg. Costs added in month Costs incurred to date Cost Per Equivalent Unit Cost assignments Work in Process, Beg Finished Goods Normal Spoilage Total Transferred Abnormal Spoilage Work in Process, End. Total Cost Assigned