ProcessPro is a last-growing manufacturer of computer chips. Direct materials are added at the start of the pioduction procoss. Conversion costs are added eventy during the process. Some units of this product are spoled as a result of defects not detectable before inspection of finished goods. Spoled units are disposed of at zero net disposaf value. ProcessPro uses the FIFO method of process costing. Summary data and weighted-average data for September 2020 are as follows. E E (Click the icon to view the data.) (Click tha icon to view the weighted-average dala.) Read the requitements: Requirement 1. For each cost category, compute equlvalent units Show physical units in the fist column: Enter the phytical units in first, then calculate the equivalent units. (Complete all input fields Enter a 0 for applicable zero amotats.) Requirement2. Summarize total costs to accoumt tor, calculate cost per equivitent und for each cost category, and abejon total costs to units comiptefed and wansfered oif (including normal spoliage), to abnormal ipolage and to units in ending work in piocoos? Begin by sumenatizing foul costs to account for ProcessPro is a fast-groving manufacturer of computer chips. Direct materials are added at the start of the production process. Conve process. Some units of this product are spoiled as a result of defects not detectable before inspection of finished goods. Spoiled units Processpro uses the FiFO method of process costing 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 Started and completed Normal spoilage Abnormal spoilage Work in process, ending Accounted for Equivalent units of wark done in current period Requirement2. Summarize total costs to account for calculate cost per equivalent unit for each cost category and assign total costs to un (including normal spoilage). to abnormal spollage, and to units in ending work in process. Begin by summarizing total costs to account for: Next calculate cost per equivalent unit for each cost category (Enter your answers to the nearest cent) Weighted-average data Requirements 1. For each cost category, compute equivalent units. Show physical units in the first column. 2. Summarize total costs to account for, calculate cost per equivalent unit for each cost 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. Should ProcessPro's managers choose the weighted-average method or the FIFO method? Explain