NEW IMAGE SPORTS Beginning Work In Process Started During the Month Good Units Completed & Transferred Out During the Month Ending Work in Process 7,200 28.800 21,600 12.000 Cost of Beginning Work In Process - Direct Materials Direct Materials Cost Added During the Period Conversion Costs Added During the Period $ S $ 6.000 21,600 14,400 Percentage Complete Beginning Work In Process - Direct Materials Beginning Work In Process - Conversion Costs Ending Work In Process - Direct Materials Ending Work In Process - Conversion Costs Normal Spoilage - Direct Materials Normal Spoilage - Conversion Costs 100% 33% 100% 60% 100% 100% New Image is using FIFO method. Costs Total Production Costs Direct Materials Conversion Total Costs to Account For Step #4 - Calculate Cost Per EQU Cost Per EQU Step #5 - Assignment of Costs Good Units Completed and Transferred Out : Total Cost of Good Units Completed and Transferred Out Costs Accounted For