PROBLEM 23: Cost of Production Report month: The following information is available for DVC Corporation for the current Started this month Beginning WIP (3/5 incomplete) Total spoilage Abnormal spoilage Ending WIP (30% to be done) Transferred out Beginning Work in Process Costs: Material Conversion Current Costs: Material Conversion 120,000 Units 11,250 Units 3,000 Units 1,350 Units P Units 108,750 Units P 15,600 20,700 P 180,000 525,915 All materials are added at the start of production and the inspection point is at the end of the process. Using the more accurate method representing the physical flow of units. Required: a. Total costs of units transferred-out b. The amount of work in-process, end c. Cost of abnormal loss units