Master Chip specializes in the manufacture of ball bearings for aircraft. Direct materials are added at the start of the production process. Conversion costs are added evenly during the process. Some units of this product are spoiled as a result of defects not detectable before inspection of finished goods. Normally, the spoiled units are 15% of the good units transferred out. Spoiled units are disposed of at zero net disposal price Master Chip uses the weighted-average method of process costing. Summary data for September 2018 are: (Click the icon to view the data.) Required 1. For each cost element, compute the equivalent units. Show physical units in the first column 2. For each cost element, calculate the cost per equivalent unit. 3. Summarize total costs to account for, and assign these costs to units completed and transferred out (to normal spoilage), to abnormal spoilage, and to units in ending work in process CORES Requirement 1. For each cost element, compute the equivalent units. Show physical units in the first column Enter the physical units 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 Enter any number in the edit fields and then click Check Answer. ele elet tal pro Data Table - X , and For Direct Conversion und Materials $96,530 Costs $7,020 2,000 Physical Units (ball bearings) Work-in-process, September 1" 1,125 Started during September 2018 Good units completed and transferred out during September 2018 1,800 Work-in-process, September 30 400 Costs added during September 2018 Degree of completion direct materials. 100%, conversion costs, 30% Degree of completion direct materials, 100%, conversion costs, 30% Flow bec $582,300 $296,500 errer rans Print Done er in lve This e Text Pages Get More Help Clear All Check A