Consider the following data for November 2017 from Gray Manufacturing Company, which makes six pennants and uses a process-costing system. All direct materials are added at the beginning of the process, and conversion costs are added everly during the process. Spolage is detected upon inspection at the completion of the process. Spoled units are disposed of at zero net deposal value Gray Manufacturing Company uses the weighted average method of process co (Click the icon to view the data) (Click the icon to view the equivalent unt computation) Read the requirement Begin by summarizing the total costs to account for Total costs to account for Total Direct Production Costs Materials Conversion Costs Data table Work in process, November 1 Started in November 2017 Good units completed and transferred out during November 2017 Normal spoilage Abnormal spoilage Work in process, November 30b Total costs added during November 2017 Physical Units Direct Conversion (Pennants) Materials Costs 1,300 $1,614 $1,928 ? 8,700 110 70 1,900 aDegree of completion: direct materials, 100%; conversion costs, 45%. Degree of completion: direct materials, 100%; conversion costs, 25%. $12,400 $31,750 - ata table - X Equivalent Units Direct Conversion Flow of Production Completed and transferred out during current period Materials Costs 8,700 8,700 Normal spoilage 110 110 Abnormal spoilage 70 70 1,900 475 Work in process, ending 10,780 9,355 Equivalent units of work done to date