Consider the following data for November 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 price. Gray Manufacturing Company uses the FIFO method of process costing.

View the data.

View the equivalent unit computation.

Required

Summarize total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign total costs to units completed and transferred out $($including normal spoilage$),$ to abnormal spoilage, and to units in ending work in process.

Data

$\backslash$table$[[,\backslash$table$[[$Physical Units$],[($Pennants$)]],\backslash$table$[[$Direct$],[$Materials$]],\backslash$table$[[$Conversion$],[$Costs$]]],[$Work$-$in$-$process, November $1$@Sup$\{$a$\},1,125,3,653,702],[$Started during November,?,,$],[\backslash$table$[[$Good units completed and transferred out in$],[$November$]],8,800,,],[$Normal spoilage,$130,,],[$Abnormal spoilage,$65,,],[$Work in process, November $30$@Sup$\{$b$\},2,400,,],[$Total costs added during November,,$10,270,32,544],[\backslash$table$[{[}^a$ Degree of completion: direct materials, $100\%$; conversion$],[b^b$ Degree of completion: direct materials, $100\%$; conversion$]],,,]]$

Equivalent Unit Computation

$\backslash$table$[[$Flow of Production,Equivalent Units$],[\backslash$table$[[$Direct$],[$Materials$]],\backslash$table$[[$Conversion$],[$Costs$]]],[$Good units completed and transferred out during current period:$],[$From beginning work in process,$0,450],[$Started and completed,$7,675,7,675],[$Normal spoilage,$130,130],[$Abnormal spoilage,$65,65],[$Work in process, ending,$2,400,720],[$Work done in current period only,$10,270,9,040]]$