Ameritex Textiles Company makes silk banners and uses the FIFO method of process costing. 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. (Click the icon to view the process costing data.) Determine the equivalent units of work done in July, and calculate the cost of units completed and transferred out (Including normal spollage), the cost of abnormal spollage, and the cost of units in ending Inventory. For each coat category, compute equivalent units. Enter the physical units in first, then calculate the equivalent units. (Complete all input fields. Enter a "O" for any zero amounts.) Equivalent Units Data Table Physical Direct Conversion Flow of Production Units Materials Costs Work in process beginning 1,800 Physical Unite Direct Conversion 10.780 Started during current period (Banners) Materials Costs 12,580 To account for Work in process, (July 1) 1,800 $10,000 $1,300 2 ? Started in July 2020 Completed and transferred out during current period Good units completed and transferred out in July 10,500 From beginning work in process 1,800 Normal spoilage 230 Abnormal spoilago 50 Started and completed 8,700 Work in process, July 31 1.800 Normal spoilage 230 Total costs added during July 2020 $21,560 $33,344 Abnormal spoilage 50 Degree of completion direct materials 100%; conversion costs, 50% 1,800 Work in process, ending Degree of completion direct materials, 100%; conversion costs 30% 12.580 Accounted for Print Equivalent units of work done in current period Done Enter any number in the edit fields and then click Check Answer. 7 Data