Channel Textiles Company makes silk banners and uses the weighted average 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 spoilage), the cost of abnormal spoilage, and the cost of units in ending inventory. Determine the equivalent units of work done in July. Enter the physical units in first, then calculate the equivalent units. Physical Flow of Production Units Work in process beginning Started during current period To account for Completed and transferred out during current period Normal spoilage Channel Textiles Company makes silk banners and uses the weighted-average 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. B (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 spoilage), the cost of abnormal spoilage, and the cost of units in ending inventory. Flow of Production Units Work in process beginning Started during current period To account for Completed and transferred out during current period Normal spoilage Abnormal spoilage Work in process, ending Accounted for Equivalent units of work done to date Jonversion costs are added evenly during Channel Textiles Company makes silk the process. Spoilage is detected upor (Click the icon to view the process Data table Determine the equivalent units of work and the cost of units in ending inventory. Direct Conversion Materials $100,000 Costs $2,000 Flow of Production Work in process beginning Started during current period Physical Units (Banners) Work in process, (July 1,8 600 Started in July 2020 ? Good units completed and transferred out in July 50,000 Normal spoilage 4,000 Abnormal spoilage 3,500 Work in process, July 31b 5,000 Total costs added during July 2020 Degree of completion: direct materials 100%; conversion costs, 50% Degree of completion: direct materials, 100%; conversion costs 50% To account for $150,000 $28,000 Completed and transferred out during| Normal spoilage Abnormal spoilage Work in process, ending Accounted for Print Done Equivalent units of work done to date