Spring Company uses weighted$-$average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred $795,000$ units of product to finished goods. At the end of November, the work in process inventory consists of $193,000$ units that are $60\%$ complete with respect to conversion. Beginning inventory had $$385,320$ of direct materials and $$204,930$ of conversion cost. The direct material cost added in November is $$2,578,680,$ and the conversion cost added is $$3,893,670.$ Beginning work in process consisted of $70,000$ units that were $100\%$ complete with respect to direct materials and $80\%$ complete with respect to conversion. Of the units completed, $70,000$ were from beginning work in process and $725,000$ units were started and completed during the period. Total units started during November were $918,000.$

Step $1$: Determine the physical flow of units $($prepare a physical flow reconciliation$)$

Beginning WIP inventory Units completed and transferred out

Units started this period Ending WIP inventory

Total units to account for Total units accounted for

Step $2$: Compute equivalent units $($EU$)$ of production

Direct Materials

Conversion

EUs completed and transferred out

EUs for ending WIP

Direct materials

Conversion

EUs of production

Step $3$: Compute cost per EU

Direct Materials

Conversion

Cost of beginning WIP

Costs incurred this period

Total costs

$$ EUs of production

$=$ Cost per EU of production

Step $4$: Assign and reconcile costs

Costs transferred out Direct materials

Conversion

Total costs transferred out $($completed this period$)$

Cost of ending WIP

Direct materials

Conversion

Cost of ending WIP

Total costs accounted for