Chip Master Inc. is a fast$-$growing manufacturer of computer chips. Direct materials are added at the start of the production process. Conversion costs are added evenly during the process. Some units of this product are spoiled as a result of defects not detectable before inspection of finished goods. Spoiled units are disposed of at zero net disposal value. Chip Master uses the first$-$in$,$ first$-$out $($FIFO$)$ method of process costing. Summary data for September are:View the data DataPhysical Units $($computer chips$)900$DirectMaterials$$97,550100\%$ConversionCosts$$10,96030\%$Work In process, beginning inventory $($September $1)$Degree of completion of beginning WIPStarted during SeptemberGood units completed and transferred out during SeptemberWork in process, ending inventory $($September $30)$Degree of completion of ending WIPTotal costs added during SeptemberNormal spoilage as a percentage of good unitsDegree of completion of normal spoilageDegree of completion of abnormal spoilage$2,8002,100100100\%$$$582,35015\%100\%100\%45\%$$$298,500100\%100\%$Required$1.$ For each cost category, compute equivalent units. Show physical units in the first column of your schedule$\mathrm{.}2.$ Summarize total costs to account for, calculate cost per equivalent unit for each cost category, and assign total costs to units completed and transferred out $($including normal spoilage$),$ to abnormal spoilage, and to units in ending work in process.Requirement $1.$ For each cost category, calculate equivalent units. Show physical units in the first column of your schedule.Enter the physical units in first, and then calculate the equivalent units. $($Complete all answer boxes. For accounts with a $$0$ balance, make sure to enter $"0"$ in the appropriate column. Round your answers to the nearest whole number.$)$Flow of Production. Physical Units Equivalent Units Direct Materials Conversion CostsWork in process beginningStarted during current periodTo account forCompleted and transferred out during current periodFrom beginning work in processStarted and completedNormal spoilageAbnormal spoilageWork in process, endingAccounted forWork done in current period only