Champion, 1nc., began the current period with 3,000 units in work-in-process. These units were 40% complete. Costs attached to beginning workuin-process were $45,000 for materials, $0,000 for labor, and $10,000 for overhead. During the period, work was begun on an additional 8,000 units. Materials are added at the beginning of the process, labor is added when the units are 30% complete, and overhead is incurred uniformly. Units are inspected when they are 150% complete. Rejected units are returned to the 20% complete point for rework. Normal rework is 1% of the units surviving inspection. Units are inspected again when they are 75% complete. Rejected units are thrown away. Normal spoilage is considered to be 2% of the units inspected. There were 11,150 units inspected for rework and 250 units were rejected for spoilage. Spoiled units are sold at two dollars each. Ending work-in- process consists of 1,?50 units, 90% complete. Current costs incurred were $16,000 for materials, $2d,450 for labor, and $44,] 12.50 for overhead. ' Required a. Using average process costing determine cost of goods completed, cost of ending work- in-process, loss from abnormal spoilage, loss from abnormal rework. (20 marks]