Process Costing 014 Given for a certain process and all materials are added at the start of the production while conversion costs were applied evenly throughout the production: Beginning work in process, 25% converted 11,000 units Started during the current period 74,000 units Units completed 61,000 units Ending work in process, 75% converted 16,000 units Spoiled units 8,000 units Beginning inventory Current period costs Materials P450.000 P2,900,000 Conversion costs 60,000 1.850,000 Management considers normal spoilage to be 6%% of total units placed into production. Case 1: Assuming that spoilage occurs continuously during the process, determine the correct cost assigned to ending work in process, goods completed and transferred and charged to period costs. Case 2: Assuming that inspection occurs at 85% conversion, determine the correct cost assigned to ending work in process, goods completed and transferred and charged to period costs