THOMPSON COMPANY INFORMATION Beginning Work In Process - April 1 Started During April Good Units Completed & Transferred Out During April Ending Work in Process - April 30 900 2.754 2.500 490 Cost of Beginning Work In Process - Direct Materials S 125,766 Cost of Beginning Work In Process - Conversion Cost S 10,368 Direct Materials Cost Added During the Period S 619.650 Conversion Costs Added During the Period $ 253,098 Normal Spoilage as a % of Good Units 15% Percentage Complete Beginning Work In Process - Direct Materials Beginning Work In Process - Conversion Costs Ending Work In Process - Direct Materials Ending Work In Process - Conversion Costs Normal Spoilage - Direct Materials Normal Spoilage - Conversion Costs Abnormal Spoilage - Direct Materials Abnormal Spoilage - Conversion Costs 100% 30% 100% 10% 100% 100% 100% 100% Thompson Company is using FIFO method. Prepare a Production Cost Worksheet (using the 5 steps). THOMPSON COMPANY PRODUCTION COST WORKSHEET Step #1 Step #2 Calculate EQUS Direct Materials Conversion Flow of Production Physical Units To Account For Good Units Completed and Transferred Out During The Period: Accounted For Step #3 - Accumulation of Costs Costs Total Production Costs Direct Materials Conversion Total Costs to Account For Step #4 - Calculate Cost Per EQU Cost Per EQU Step #5 - Assignment of Costs Good Units Completed and Transferred Out (2,500): Total Cost of Good Units Completed and Transferred Out Costs Accounted For