Consider the following data for November 2020 from Gray 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. Suppose Gray Manufacturing Company uses the FIFO method of process costing (Click the icon to view the data.) Read the requirement 702 To account for 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 Accounted for Equivalent units of work done in current period 3653 10270 130 65 130 65 32544 130 65 240 2400 2400 Enter any number in the edit fields and then continue to the next question om - o PI www.channmfire Type here to search 11 10/19/2020 Data Table Conversion Costs $702 Physical Units Direct (Pennants) Materials Work in process, November 1 a 1.125 $3,653 Started in November 2020 ? Good units completed and transferred out during November 2020 8,800 Normal spoilage 130 Abnormal spoilage 65 Work in process, November 306 2,400 Total costs added during November 2020 $10,270 Degree of completion direct materials, 100%; conversion costs, 60%. Degree of completion direct materials, 100%; conversion costs, 30%. $32,544