The Victory Company is a food processing company based in British Columbia. It operates under the FIFO mejhod of process costing and has two departments: cleaning and packaging. For the cleaning department, conversion costs are added evenly during the process, and direct materials are added at the beginning of the process. Spoiled units are detected upon inspection at the end of the process and are disposed of at zero net disposal value. All completed work is transferred to the packaging department. Summary data for May follow: (Click the icon to view the date.) Required For the cleaning department, summarize total costs to account for, and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process, Carry unit-cost calculations to four decimal places when necessary. Calculate final totals to the nearest dollar For each cost category, calculate equivalent units. Show physical units in the first column of your schedule Enter the physical units in first, and then calculate the equivalent units Physical Units Flow of Production Work in process, beginning Started during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Enter any number in the edit fields and then click Check Answer Help Me Solve This e Text Pages Get More Help Clear All Check Answer Data Table x Direct Physical Units 1,350 Materials $94,480 100% Conversion Costs $5,710 80% The Victory Company: Cleaning Dept. Work-in-process, beginning inventory (May 1) Degree of completion of beginning work-in-process Started during May Good units completed and transferred out during May Work-in-process, ending inventory (May 31) Degree of completion of ending work-in-process Total costs added during May Normal spoilage as a percentage of good units Degree of completion of normal spoilage Degree of completion of abnormal spoilage 2,800 2,500 700 100% $581.600 30% $292,000 10% 100% 100% 100% 100% Print Done Clear All Chech his e Text Pages Get More Help