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The Victory Company is a food processing company based in British Columbia It operates under the FIFO method of process costing and has two departments

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The Victory Company is a food processing company based in British Columbia It operates under the FIFO method 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 data) Required For the cleaning department, summarize total costs to account for and assign total costs to units completed and transferred out (including normal spolage), 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 proces, beginning Started during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Normal spoilage ficks and then click Check Answer 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. Data Table - X For each cost catego Enter the physical un Physical Direct Conversion The Victory Company: Cleaning Dept. Units Materials Costs Work-in-process, beginning inventory (May 1) 1,350 $94.480 $5,710 Flos Degree of completion of beginning work-in-process 100% 80% Started during May 2,800 Work in process, beg Good units completed and transferred out during May 2,500 700 Started during current Work-in-process, ending inventory (May 31) Degree of completion of ending work-in-process 100% 30% $581,600 Total costs added during May To account for $292,000 Normal spoilage as a percentage of good units 10% Completed and trans Degree of completion of normal spoilage 100% 100% 100% Degree of completion of abnormal spoilage 100% From beginning Started and com Normal spoilage Print Done

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