Chipville Inc. 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. Chipville uses the weighted-average method of process costing. Summary data for September are: (Click the icon to view the data.) Required 1. For each cost category, compute equivalent units. Show physical units in the first column of your schedule. 2. Summarize total costs work in process. account for, calculate cost per equivalent unit for each cost category, and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending $ Good units completed and transferred out Cost before adding normal spoilage Normal spoilage Costs incurred to date Divide by: Equivalent units of work done to date Cost per equivalent unit for work done to date Finally, assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, an accounted for amounts may not agree to the total costs to account for above due to rounding.) Total Materials 678,830 $ 5,125 132.4546 $ $ Costs ▼ Total cost of good units completed and transferred out Abnormal spoilage Work in process, ending Total costs accounted for 303,520 4,845 62.646 Production Costs 982350 Direct Materials 678830 Conversion Costs 303520 Data table Work in process, beginning inventory (Sept. 1) Degree of completion of beginning WIP Started during September Good units completed and transferred out during September Work in process, ending inventory (Sept. 30) Degree of completion of ending WIP Total costs added during September Normal spoilage as a percentage of good units Degree of completion of normal spoilage Degree of completion of abnormal spoilage Print Physical Units (computer chips) 1,125 4,000 1,800 400 15% Done Direct Materials $96,530 100% 100% $582,300 100% 100% Conversion Costs $7,020 30% 30% $296,500 100% 100% - X