Question 36 (2.5 points) Based on the information below, compute the cost of units completed and transferred out (including normal spoilage) using FIFO method for process costing. assume that costs per equivalent unit under FIFO are $4 for DM and $5 for CC (The same table is used for Questions 35 and 36.) Physical units Direct materials Conversion costs Beginning WIP 22 $200 $110 Started 78 Good units completed & transferred out 75 Normal spoilage 10 Abnormal spoilage 5 Ending WIP 10 Total costs added during current month $1,500 $2,000 Degree of completion for BWIP: DM 100%; CC 40% Degree of completion for EWIP: DM 100%; CC 20% a) $987 b) $943 c) $860 d) $899 Question 37 (2.5 points) Based on the summary data during the current period, compute normal and abnormal spoilage in physical units at the 40% inspection point. Normal spoilage 10% Total spoilage 100 units Started 800 units BWIP 20 units (100% for DM; 30% for CC) EWIP 80 units (100% for DM; 80% for CC Normal spoilage Abnormal spoilage a) 28 units 72 units b) 72 units 28 units C) 80 units 20 units d) 20 units 80 units