Test Malam wametaketake picore 2015 heco 420 16 1955 m2 Question 3 Samen The Skate Board Company uses a process cost system for making board wheels Materials are added the beginning of the pros and converter incurred At the beginning of September the work in process is 40 percent complete for conversion cost and at the end of the meditis percent completelor cost Spodage decid at the end of the process the data for the month include Degving work in process intery 1.600 units United 20,000 units i placed in finished goods 12.000 units Ending work in process inventory 1,200 units Normal sporlage on all units finished 20 percent Conversion costs $40,320 Cest of direct materials $10,000 Beginning work-in-process costs Materials 54,000 Conversion 54032 Degree of completion direct material 100% and conversion cost 40% Degree of completion direct material 100% and conversion cost 60 % Required Compute the equivalent units for each cost element. Prepare a production cost worksheet assuming that spoilage is recognized and the weighted average method is used