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Consider the following data for November 2017 from Marzollo Manufacturing Company, which makes silk pennants and uses a process-costing systems All direct materials are added

image text in transcribedimage text in transcribed Consider the following data for November 2017 from Marzollo Manufacturing Company, which makes silk pennants and uses a process-costing systems All 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. Marzollo Manutichuting Company uses the weighted average method of process conting (Click the icon to view the data) (Click the icon to view the equivalent un computation) Read the requirement Begn by summarizing the total costs to account for Total costs to account for Data table Total Direct Production Costs Materials Conversion Costs Physical Units Pennants) Work in process, November 1 1,350 Direct Conversion Materials $1,440 Costs SAVE Started in November 2017 Good units completed and transfered out duting November 2017 9,500 Nomal spolage 160 Abnormal spoilage 40 Work in process, November 30 1,700 Total costs added during November 2017 $11,500 $32.000 Degree of compasur rast matetas, 100% conversion 45% Dagres of complete det mates 100% Equivalent Units Direct Conversion Flow of Production Completed and transferred out during current period Materials Costs 9,500 9,500 Normal spoilage 160 160 Abnormal spoilage 40 40 1,700 170 Work in process, ending 11,400 9,870 Equivalent units of work done to date

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