$19-39$ FIFO process$-$costing method, inspection at $80\%$ completion. $[$Excel template$]($LO $3)$

Ottawa Manufacturing is a furniture manufacturer with two departments: moulding and

finishing. The company uses the FIFO process$-$costing method of process costing. In August, the

following data were recorded for the finishing department:

Conversion costs are added evenly during the process. Direct materials costs are added when

production is $90\%$ complete. The inspection point is at the $80\%$ stage of production. Normal

spoilage is $10\%$ of all good units that pass inspection. Spoiled units are disposed of at zero net

disposal value.

Required

For August, summarize total costs to account for, and assign these costs to units completed and

transferred out $($including normal spoilage$),$ to abnormal spoilage, and to units in ending work$-$

in$-$process.