Weighted-average data Cost per equivalent unit for work done to date Total Production Costs Direct Materials Conversion Costs $ 202.00 $ 84.00 Cost of units completed and transferred out $ 888,030 $ 627,210 $ 260,820 Abnormal spoilage 83,226 58,782 24,444 Work in process, ending 115,872 103,020 12,852 Total costs accounted for $ 1,087,128 $ 789,012 $ 298,116 Requirements 1. For each cost category, compute equivalent units. Show physical units in the first column. 2. Summarize total costs to account for; calculate cost per equivalent unit for each cost category; and assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process. 3. Should Chiplist's managers choose the weighted-average method or the FIFO method? Explain. Chiplist is a fast-growing manufacturer of computer chips. Direct materials are added at the start of the production process. Conversion costs are added evenly during the process. Some units of this product are spoiled as a result of defects not detectable before inspection of finished goods. Spoiled units are disposed of at zero net disposal value. Chiplist uses the FIFO method of process costing. Summary data and weighted-average data for September 2020 are as follows: (Click the icon to view the data.) (Click the icon to view the weighted-average data.) Read the requirements. Requirement 1. For each cost category, compute equivalent units. Show physical units in the first column. Enter the physical units in first, then calculate the equivalent units. (Complete all input fields. Enter a "0" for applicable zero amounts.) 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 Normal spoilage Abnormal spoilage Work in process, ending Accounted for Equivalent units of work done in current period Physical Units Data Table 1 A 2 Work in process, beginning inventory (September 1) B Physical Units (Computer Chips) 1,100 $ 3 Degree of completion of beginning work in process 4 Started during September 2,806 5 Good units completed and transferred out during September 2,700 6 Work in process, ending inventory (September 30) 510 7 Degree of completion of ending work in process 8 Total costs added during September 9 Normal spoilage as a percentage of good units 10 Degree of completion of normal spoilage 11 Degree of completion of abnormal spoilage Direct Materials D Conversion Costs 216,588 $ 14,844 100% 30% 100% 30% $ 572,424 $ 283,272 15% 100% 100% 100% 100%