Question: Please help me to do the part C FIFO and part D show all the working detail plzzz Abbot Technology manufactures a chemical product. Each

Please help me to do the part C FIFO and part D show all the working detail plzzz

Abbot Technology manufactures a chemical product. Each product will pass through Process X. All direct materials are applied at the beginning of the process and conversion costs are added evenly during the process. Inspection occurs at the 60% stage of production. Normal spoilage is 10% of all good units that pass inspection. Spoilage units are disposed of at zero net disposal value. The company adopts the weighted-average method of process costing. Data for Process X for November 2018 are as follows:

Physical units Direct materials Conversion costs

Work in process, beginning 1 November 87,500 $400,000 $375,500

Started during November 537,500

Good units completed and transferred out during November 487,500

Work in process, ending 30 November 70,000

Total costs added during November $1,443,750 $5,482,500

Degree of completion of beginning work in process ? 90%

Degree of completion of closing work in process ? 80%

Required: a For November 2018, show the physical units and compute the equivalent units for each of the cost category. (7 marks)

b Also for November 2018, summarize total costs to account for and assign these costs to: i units completed and transferred out (including normal spoilage); ii abnormal spoilage; iii units in ending working in process. (10 marks)

c Re-compute (a) and (b) using the FIFO method. (20 marks)

d What issues should the manager focus on when reviewing the equivalent unit calculation? (3 marks)

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