Chiplist 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. Chiplist uses the weighted average method of process costing. Summary data for September 2017 are as follows: (Click the icon to view the data.) Read the requirements Requirement 1. For each cost category, compute equivalent units. Show physical units in the first column of your schedule Enter the physical units in first, then calculate the equivalent units. . Requirements Equivalent Units Physical Direct Conversion Costs Flow of Production Units Materials Work in process beginning 700 1. For each cost category, compute equivalent units. Show physical units in the first column of your schedule. 2. Summarize the total costs to account for calculate the cost per equivalent unit for each cost category, and assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process 2,702 Started during current period 3,402 To account for Completed and transferred out during current period 2.300 2,300 2,300 345 345 Normal spoilage 345 287 287 Print Done Abnormal spoilage 287 470 470 94 Work in process, ending 3.402 Accounted for 3,402 3,026 Work done to date Requirement 2. Summarize the total costs to account for calculate the cost per equivalent unit for each cost category: and assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. Begin by summarizing the total costs to account for Total Direct Conversion Production Costs Materials Costs Work in process, beginning Costs added in current period Total costs to account for Help Me Solve This eText Pages Get More Help Clear All Check Answer Data Table LL colul 1 B D Physical Units Direct Conversion (Computer Chips) Materials Costs 700 $ 123,382 $ 15,244 3 100% 30% 2.7021 2.300 470 2 Work in process, beginning inventory (September 1) Degree of completion of beginning work in process 4 Started during September 5 Good units completed and transferred out during September Work in process, ending inventory (September 30) Degree of completion of ending work in process 8 Total costs added during September 9 Normal spoilage as a percentage of good units 10 Degree of completion of normal spoilage 11 Degree of completion of abnormal spoilage 7 100% 20% s 594.440 $ 244,992 15% 10096 100% 100% 100% ead ersi sts Print Done