Chipville 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. Chipville uses the weighted-average method of process costing. Summary data for September are: (Click the icon to view the data.) Required 1. For each cost category, compute equivalent units. Show physical units in the first column of your schedule. 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. Data table Costs incurred to date Divide by: Equivalent units of work done to date Materials 678,830 $ Costs 5,125 132.4546 $ 303,520 4,845 62.646 Cost per equivalent unit for work done to date Finally, assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, an accounted for amounts may not agree to the total costs to account for above due to rounding.) Total Direct Production Costs Materials Conversion Costs Work in process, beginning inventory (Sept. 1) Degree of completion of beginning WIP Started during September Good units completed and transferred out during September Physical Units (computer chips) 1,125 Direct Conversion Materials $96,530 100% Costs $7,020 30% 4,000 Work in process, ending inventory (Sept. 30) Degree of completion of ending WIP Total costs added during September 1,800 400 100% $582,300 30% $296,500 Good units completed and transferred out 982350 678830 303520 Normal spoilage as a percentage of good units Degree of completion of normal spoilage Degree of completion of abnormal spoilage 15% 100% 100% 100% 100% Cost before adding normal spoilage Normal spoilage Total cost of good units completed and transferred out Abnormal spoilage Work in process, ending Total costs accounted for Print Done