Maxichip 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. Maxichip uses the FIFO 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. - Data Table Requirement 1. For each cost element, compute the equivalent ur Enter the physical units in first, and then calculate the equivalent ur Physical Units Direct Conversion Physical Costs $19,280 Flow of Production Materials $96,140 Units Work in process, beginning 1,300 2,800 Started during current period (ball bearings) Work-in-process, September 18 1,300 Started during September 2018 2,800 Good units completed and transferred out during September 2018 1,700 Work-in-process, September 306 900 Costs added during September 2018 Degree of completion: direct materials, 100%; conversion costs, 30%. Degree of completion: direct materials, 100%; conversion costs, 35%. 4,100 To account for $582,400 $291,750 Completed and transferred out during current period: b Choose from any list or enter any number in the input fields and Help Me Solve This e Text Pages Get More Check Answer Maxichip 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. Maxichip uses the FIFO 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. ...my to enter "0" in the appropriate column. Round your answers to the nearest whole dollar.) Total Direct Conversion Production Costs Materials Costs Completed and transferred out: Work in process, beginning $ 115,420 $ 19,280 96,140 $ o Costs added to beginning inventory before normal spoilage 84,958 84,958 200,378 Total from beginning inventory before normal spoilage Started and completed before normal spoilage Normal spoilage Total costs of units completed and transferred out Choose from any list or enter any number in the input fields and then click Check