Granton Textiles Company makes silk banners and uses the weighted average method of process costing. 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. (Click the icon to view the process costing data.) Determine the equivalent units of work done in July, and calculate the cost of units completed and transferred out (including normal spoilage), the cost of abnormal spoilage, and the cost of units in ending inventory. Determine the equivalent units of work done in July. Enter the physical units in first, and then calculate the equivalent units. Physical Units Flow of Production Work in process beginning Started during current period To account for Completed and transferred out during current period Normal spoilage Abnormal spoilage Work in process, ending Accounted for Equivalent units of work done to date II Granton Textiles Company makes silk banners and uses the weighted-average method of process costing. 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. (Click the id Determine the Data table of abnormal spoilage, and the Direct Conversion Materials $ 105,000 Costs $2,000 $150,000 $31,000 Physical Units Determine the (Banners) Enter the physid Work in process, (July 19a 1,500 Started in July ? Good units completed and transferred out in July 70,000 Normal spoilage 4,000 Abnormal spoilage 6,000 Work in process, July 316 5,000 Work in proces Total costs added during July Started during Degree of completion direct materials 100%; conversion costs, 50% Degree of completion: direct materials, 100%; conversion costs 50% To account for Completed and Normal spoilag Abnormal spoil Print Done Work in proces Accounted for Equivalent units of work done to date