Question: For the data in Exercise 18-21, use the FIFO method to summarize the total costs to account for; calculate the cost per equivalent unit for

For the data in Exercise 18-21, use the FIFO method to summarize the total costs to account for; calculate the cost per equivalent unit for direct materials and conversion costs; and assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work in process.

Physical Units Pennants) 1,350 Direct Materials $ 966 Conversion Costs Work in process, November 1 Started in November 2017 Good units completed and transferred 8,800 out during November 2017 Normal spoilage Abnormal spoilage Work in process, November 30 Total costs added during November 2017 80 50 1,700 S10,302 $30,055

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