FIFO METHOD, ASSIGNING COSTS
(CONTINUATION OF EXERCISE 18-19)
					Physical Units (pennants)		Direct Materials		Conversion Costs
Work-in-process, November 1*					1,000		$1,423		$1,110
Started during November 2018					?
Good units completed and transferred out during Nov 2018					9,000
Normal spoilage					100
Abnormal spoilage					50
Work-in-process, November 30^					2,000
Total costs added during November 2018							$12,180		$27,750
*Degree of completion: direct materials, 100%; conversion costs, 50%
^Degree of completion: direct materials, 100%; conversion costs, 30%
Required
For the data in Exercise 18-19, use the FIFO method to 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.