E18-22 (similar to) Question Help Consider the following data for November 2017 from Gannett 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. Gannett Manufacturing Company uses the weighted-average method of process costing. (Click the icon to view the data.) Read the requirement. Begin by summarizing the total costs to account for. (Click the icon to view the equivalent unit computation.) Work in process, beginning Costs added in current period Total costs to account for Total Production Costs Direct Materials Conversion Costs Physical Units Direct Conversion (Pennants) Materials Costs Work in process, November 1 Started in November 2017 Good units completed and transferred out during November 2017 Normal spoilage 1,000 $1,423 $1,110 ? 9,000 100 Abnormal spoilage 50 Work in process, November 30b 2,000 Total costs added during November 2017 $12,180 $27,750 *Degree of completion: direct materials, 100%; conversion costs, 45%. bDegree of completion: direct materials, 100%; conversion costs, 30%. Equivalent Units Direct Conversion Flow of Production Completed and transferred out during current period Materials Costs 9,000 9,000 Normal spoilage 100 100 Abnormal spoilage 50 50 2,000 600 Work in process, ending Equivalent units of work done to date 11,150 9,750 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 inventory. Begin by summarizing the total costs to account for Work in process, beginning Costs added in current period Total costs to account for Total Production Costs Direct Conversion Materials Costs 3,542 $ 1,614 $ 1,928 44,150 12,400 31,750 47,692 14,014 33,678 Next, calculate cost per equivalent unit for direct materials and conversion costs. (Round your answers to the nearest cent.) Direct Materials Conversion Costs Costs incurred to date Divide by: Equivalent units of work done to date 14,014 $ 10,780 33,678 9,355 3.60 Cost per equivalent unit for work done to date Finally, assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. (Round your answers to the nearest whole dollar) Direct Total Production Costs Materials Conversion Costs Good units completed and transferred out Costs before adding normal spoilage Normal spoilage Total cost of good units completed and transferred out Abnormal spoilage Work in process, ending Total costs accounted for 42,630 $ 11,310 $ 31,320 539 143 396 43,169 343 91 252 4,180 2,470 1,710 47,692 14,014 33,678