E18-29 (similar to) Question Help Chiphead is a fast-growing manufacturer of computer chips Direct materials are added at the start of the production process. Conversion costs are added evenly during the process Some units of this product are spoled as a resut of defects not detectable before inspection of fnished goods Spoiled units are disposed of at zero net disposal value. Chiphead uses the weightedverage method of process costing. Summary data for September 2017 are as follows EE (Click the icon to view the data) Read the reguirement:s Requirement 1. For each cost category compute equivalent units. Show physical units in the first column of your schedule Enter the physical units in first, then calculate the equivalent units Equivalent Units Physical Direct Conversion Units Materials Costs Flow of Production Work in process beginning Started during current period To account for Completed and transfered out during current Normal spoilage Abnormal spoilsge Work in process ending Accounted for Work done to date Requirement 2 Summarize the total costs to account for, calculate the cost per equivalent unit for each cost category, and assign costs to units completed and 3.457 period 2.300 2300 345 292 520 345 292 520 345 292 104 3.457 3457 3.041 transferred out (including normal spoilage). to abnormal spoilage, and to units in ending work in process Begin by summarizing the total costs to apcount for. Direct Production Costs Materials Costs Total costs to account for