Please help me with the 18-1 and 18-2

Company x 680-dt-content-rid-797 1 653-1/courses/184ACCTS4701 /Scanned%20pages%20and%20project.pdf Azure Textiles Company makes silk banners and uses the weighted-average method 18-1 of process costing. Direct materials are added at the beginning of the process, and conversion costs are added evenly during the process. Spoilage is detected upon in- spection at the completion of the process. Spoiled units are disposed of at zero net disposal value. Physical Units Direct Conversion (Banners) 1,000 Materials $1,423 Costs Work in process, July 1 Started in July 2017 Good units completed and transferred out in July Normal spoilage Abnormal spoilage Work in process, July 31 Total costs added during July 2017 1,110 9,000 100 50 2.000 $12.180 S12,180 $27,750 "Degree of completion: direct materials, 100%; conversion costs, 50%. begree of completion: direct materials, 100%; conversion costs, 30%. Determine the equivalent units of work done in July, and calculate the cost of units com- pleted and transferred out (including normal spoilage), the cost of abnormal spoilage, and the cost of units in ending inventory FIFO Method and Spoilage Exhibit 18-3, Panel A, presents Steps 1 and 2 using the FIFO method, which focuses on equiva- lent units of work done in the current period. Exhibit 18-3, Panel B, presents Steps 3, 4, and 5. Note how when assigning costs, the FIFO method keeps the costs of the beginning work in process separate and distinct from the costs of the work done in the current period. All spoil- age costs are assumed to be related to units completed during the period, using the unit costs of the current period. T. Consider Azure Textiles Company again. With the same information for July 2017 18-2) as provided in Trylt18-1, redo the problem assuming Azure uses FIFO costing instead. Chapter 17 highlighted taxes, performance evaluation, and accounting-based covenants as some of the elements managers must take into account when choosing between the FIFO and weighted-average methods. It also stressed the importance of making careful estimates