E18-24 (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 FIFO 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.) Total costs to account for Total Direct Production Costs Materials Conversion Costs Work in process, November 1 Started in November 2017 Good units completed and transferred out during November 2017 Normal spoilage Abnormal spoilage Total costs added during November 2017 Work in process, November 30 Physical Units Direct Conversion (Pennants) Materials Costs 1,350 $3,448 $571 ? 9,500 160 40 1,700 "Degree of completion: direct materials, 100%; conversion costs, 50%. Degree of completion: direct materials, 100%; conversion costs, 10%. $11,055 $27,585 Flow of Production Good units completed and transferred out during current period: Equivalent Units Direct Materials Conversion Costs From beginning work in process 0 675 Started and completed 8,150 8,150 Normal spoilage 160 160 Abnormal spoilage 40 40 Work in process, ending 1,700 170 10,050 9,195 Work done in current period only 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