CMA Ltd accumulates costs for its single product using first in first out process costing. Direct material is added at the beginning of the production process, and conversion occurs uniformly throughout the process. All spoilage is detected at the quality inspection point, which occurs after production is 25 per cent complete. CMA uses a FIFO process costing approach to determine the cost of its products. For the purposes of the report ALL SPOILAGE IS CONDSIDERED TO BE NORMAL A partially completed production report for April follows: Work in process, 1 April Units started during April Total units to account for Units completed and transferred out during April Units spoiled during production Work in process, 30 April Total units accounted for Work in Process, 1 April Costs incurred during April Total Costs to Account for Production report, April Percentage of completion with Physicalunits respect to conversion 100,000 60% 200,000 300.000 + 220,000 60,000 20,000 80% 300.000 + Direct Materials $58,500 Conversion $24,000 Total $82,500 114,000 76,400 190,400 $172,500 $100,400 $272,900