Elegant, USA manufactures steering wheel covers for various brands of luxury cars at its Jamaica plant. Direct materials and the conversion costs are added evenly during the process. Given the importance of minimizing product returns, spoiled units are detected upon inspection at various levels of the production process and are discarded at a net disposal value of zero. The following data summarizes the most recent Elegant USA uses the FIFO method of accounting for spoilage and the numbers for the production pr Based on the following numbers respond the question Physical Direct Conversion Units Material Costs 2500 S23,450 $22,312 100% 80% $89,250 $98.400 Beginning Inventory 1 Degree of Completion of Beginning WIP 2 Costs Added in Current Month 3 Good Units Completed and Transferred Out during the month SWIP, Ending Inventory 5 Degree of Completion of Ending WIP 11,000 2,750 100% 70% 1000 90% 70% 3 Normal Spoilage 3 Degree of Completion of Normal Spoilage Abnormal Spoilage . Degree of completion of abnormal spoilage 2 Required: 750 80% 90% Enter your answers below Using the FIFO method determine a. equivalent units. b. total costs to account for, 3 cost per equivalent unit for each cost category: d. costs for units completed and transferred out e value of normal spoilage and abnormal spoilage, I value of the units in ending work in process CI 3 2 3