AutoSave O OH OH H OBE ACC224 Assignment 1 - Word Search Mshari Alqahtani o X File Home Insert Design Layout References Mailings Review View Help Share Comments X Find Replace Select Paste Dictate Sensitivity Editor Reuse Files Clipboard Fon! Editing Voice Sensitivity Editor Reuse Files Arial (Body CS) ) 12 A A A A SEES 1 * 2 A ET 21 bCcDdEe bCcDdEe cDdEe BIU X X ADA 1 Normal 1 No Spac... Heading 1 Paragraph Styles Process costing system Submission deadline: Thursday 31 October 2021 via LMS before 11:59 pm. The following information is available for the ABC Co. for the month of January. All materials are added at the start of production. All spoilage is normal and is detected by the final inspection at the end of the process. Beginning work in process (80% complete)..... 8,000 units Started 35,000 units ***** Ending work in process (55% complete). 15,000 units Transferred out. 24,500 units Beginning work-in-process costs: Materials. Conversion 38,200 Current costs: Materials $ 50.750 Conversion 173.130 ABC Company uses the FIFO method. Required: 1. Calculate the equivalent units of production for materials and conversion costs (6 marks). 2. Calculate unit direct materials cost and unit conversion cost (5 marks). 3. What is the total cost of the units transferred out, the cost of ending inventory, and the cost of spoiled units? (3+3+3 = 9 marks) $14.000 Write your answers below: Page 212 378 words Fnalish (United States) ' Focus BE