Consider the following data for November 2017 from Mundy Manufacturing Company, which makes silk pennants and uses a process-costing system. 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. Mundy Manufacturing Company uses the FIFO method of process costing. (Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Read the requirement Begin by summarizing the total costs to account for. Conversion Total Production Costs Direct Materials Costs Work in process, beginning Costs added in current period Total costs to account for - x - X Data table Data table Requirement Direct Conversion Summarize the total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs; and assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. Equivalent Units Direct Conversion Materials Costs Materials $1,614 Costs $1,928 Flow of Production 0 520 7.400 Physical Units (Pennants) Work in process, November 18 1,300 Started in November 2017 Good units completed and transferred out during November 2017 8,700 Normal spoilage 110 Abnormal spoilage 70 Work in process, November 30 1,900 Total costs added during November 2017 Degree of completion: direct materials, 100%; conversion costs, 60%. Degree of completion: direct materials, 100%; conversion costs, 25%. 7,400 Print Good units completed and transferred out during current period: From beginning work in process Started and completed Normal spoilage Abnormal spoilage Work in process, ending Done 110 110 $11,376 $27,440 70 1,900 70 475 9,480 8,575 Work done in current period only Print Done