Section 2: Calculations Question 1. Marks: 25 Consider the following data for November 2020 from Royal Manufacturing Company, which makes silk pennants and uses a process-costing system. All direct materials are added at the beginning of the process, and conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value. Royal Manufacturing uses weighted average method of process costing. Conversion costs $1,110 Physical Direct Units Materials Work in process Nov. 1(a) 1000 $1,423 Started in Nov. Good units completed and 9,000 transferred out during Nov. Normal Spoilage 100 Abnormal spoilage 50 Work In Process, Nov. 30(b) 2.000 Total Costs added During Nov. $1.2180 (a) degree of completion: direct materials, 100%; conversion costs, 50% (b) degree of completion; direct materials, 100%; conversion costs, 30% $27,750 Required: 1. Compute the equivalent units of work done to date for direct materials and conversion costs. Show physical units in the first column of your schedule. 2. Weighted-average method assigning costs. Summarize total costs to account for, calculate the costs per equivalent unit for direct materials and conversion costs, and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process