Consider the following data for November 2020 from McKnight 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, McKnight Manufacturing Company uses the weighted-average method of process costing. Data Table Work in process, November 1 Started in November 2020 Good units completed and transferred out during November 2020 Normal spoilage Abnormal spoilage Work in process, November 30 Total costs added during November 2020 a Physical Units Direct Conversion (Pennants) Materials Costs 1,100 $2,628 $1,171 ? 9,050 70 30 2,200 Degree of completion: direct materials, 100%; conversion costs, 45%. Degree of completion: direct materials, 100%; conversion costs, 10%. $11,900 $29,750 X Data Table Flow of Production Completed and transferred out during current period Normal spoilage Abnormal spoilage Work in process, ending Equivalent units of work done to date Print Done Equivalent Units Direct Conversion Materials Costs 9,050 9,050 70 70 30 30 2,200 220 11,350 9,370 X i Requirement - Summarize total costs to account for; calculate 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 inventory. Print Done X