Memorychip is a fast-growing manufacturer of computer chips. 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. Spoiled units are disposed of at zero net disposal value. Suppose Memorychip determines standard costs of $200 per equivalent unit for direct materials and $70 per equivalent unit for conversion costs for both beginning work in process and work done in the current period. Summary data and weighted-average data for September 2020 are as follows: (Click the icon to view the data.) (Click the icon to view the weighted-average data.) Read the requirements. Enter the nhvsical units in first then calculate the enuivalent units. (Comolate all inout fields. Fntar a "0" for annlicable zero amounts.) Data table stion list Memorychip is a fast-growing manufacturor of computor chips. Direct materials are added at the start of the production process. Conversion costs are added evenly during the process. Some units o this product are spoled as a result of defects not detectable before inspection of finished goods. Spoilod units are disposed of at zero net disposal value. Suppose Mernorychip determines standard costs of $200 per equivalent unit for direct materials and $70 per equivalent unit for conversion costs for both beginning work in process and work done in the current period. Summary dats and weighted-average data for September 2020 are as follows: Z:A (Click the icon to view the data.) (Click the icon to view the weighted-average data.) Read the Weighted-average data Requirement Complete requiroments 1 and 2 using the standard-costing method. 1. For each cost eategary, compute equivalent units. Show physical units in the first column. 2. Summarize total costs to account for, calculate cost per equivalent unit for each cont category; and assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. 3. What issues should the manager focus on when reviewing the equivalent units calculations? Dceminen 106 : Equivalent units af wark done in current period conversion costs for both beginning work in process and work done in the current period. Summary data and weighted-average data for September 2020 are as follows: '(Click the ioon to view the data.) ZCClick the icon to view the weighted-average data.) Read the requirements? Requirement 1. For each cost category, compute equivalent units. Show physical units in the first column. Use the standard-costing method. Enter the physical units in first, then calculate the equivalent units. (Complete all input fieids. Enter a "- 0 foc applicable zero amounts.) ending work in process. Use the standard-costing method ending work in process. Use the standard-costing methodi. Begin by summarizing total costs to account for: Requirement 3. What issues should the manager focus on when reviewing the equivalent units calculations? To show better performance, a department supervisor might report a (9). resulting in (10) cost per equivalent unit and (1 department supervisor may be tempted to report a (12) reducing income in the current period. This has the effect of (13) beginning inventory. In other words, estimates of degree of completion can help (14) - To guard against the possibility of bias, managers should do the following: (Select all responses that apply.) A. always emphasize obtaining the highest profits B. ask supervisors specific questions about the process they followed to prepare estimates C. let supervisors prepare estimates without any oversight or interference D. always emphasize obtaining the correct answer regardless of how it affects reported performance