Jacob Custom Carpentry manufactures chairs in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection takes place as units are placed into production. After inspection, some units are spoiled due to undetectable material defects. Spoiled units generally constitute 4% of the good units. Data provided for March 2017 are as follows:

WIP, beginning inventory 3/1/2017 Direct materials (100% complete) Conversion costs (90% complete)	32,500 units
Started during March	70,500 units
Completed and transferred out	80,100 units
WIP, ending inventory 3/31/2017 Direct materials (100% complete) Conversion costs (70% complete) Costs: WIP, beginning inventory:	18,300 units
Direct materials	$71,000
Conversion costs	40,000
Direct materials added	105,700
Conversion costs added	128,160

Jacob uses a Weighted-Average process-costing system.

Required: (Round to two places)

You must show your work for credit, and you must use a format in which your calculations can be followed for partial credit.

Use process costing to determine the equivalent units and cost per equivalent unit. Prepare necessary journal entries for normal and abnormal spoilage units.

1. Reconciliation of physical units
2. Compute Equivalent Units
3. Compute Total costs and Cost per Equivalent Units
4. Assign Costs to Units Completed and Units in Ending Inventory
5. Necessary journal entries