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Hi, I need help with all aspects of this question: Exercise 2: Alpha Company uses a process-costing system for its production business. All direct materials

Hi, I need help with all aspects of this question:

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Exercise 2: Alpha Company uses a process-costing system for its production business. 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. The following are details for the month of June 2020: Physical Units Direct Conversion Materials Costs Work in process, I June" 1,000 $ 1,423 $ 1,110 Started in June 2020 Good units completed and transferred 9.000 out during June 2020 Normal spoilage 100 Abnormal spoilage 50 Work in process, 30 Juneh 2.000 Total costs added during June 2020 $12,180 $27,750 Degrees of completion: direct materials, 100%; conversion costs, 50%. Deuce of completion: direct materials, 100%; conversion costs, 30% Required: a Compute equivalent units for direct materials and conversion costs using the weighted average approach. Show physical units in the first column of your schedule. Account for the total costs, calculate the cost per equivalent unit for direct materials and conversion costs; and assign costs to units completed and transferred out, including spoiled units (both normal and abnormal spoilage), and to units in ending work-in- process inventory. b. Compute equivalent units for direct materials and conversion costs using the first-in- first-out (FIFO) approach. Show physical units in the first column of your schedule. Account for the total costs, calculate the cost per equivalent unit for direct materials and conversion costs; and assign costs to units completed and transferred out, including spoiled units (both normal and abnormal spoilage), and to units in ending work-in-process inventory

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