(Continuation of 18-19). Suppose Grey Manufacturing Company uses the FIFO method of process costing instead of the weighted-average method.
In Exercise 18-19

REQUIRED
For the data in Exercise 18-19, use the FIFO method to summarize total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process.

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Physical Units Direct Conversion (pennants) Materials Costs S 1,423 S 1,110 Work in process, November 1* Starte Good units completed and transferred 1,000 d during November 2013 out during November 2013 Nomal spoilage Abnormal spoilage Work in process, November 30f Total costs added during November 2013 9,000 100 50 2,000 S12,180 $27,750