Question 1: (45 points) (Note: You MUST use the given template below the black line to answer.) Ali Food Company is a food-processing firm based in NY. It operates under the weighted-average method of process costing and has two departments: cleaning and packaging. For the cleaning department, conversion costs are added evenly during the process, and direct materials are added at the beginning of the process. Spoiled units are detected upon inspection at the end of the process and are disposed of at zero net disposal value. All completed work transferred to the packaging department. Summary data for May 2020 follow: Physical Units Direct Materials Conversion Costs Work in process, May 1 4,800 $9,220 $4,605 Degree of completion of beg. WIP 100% 60% 50,000 Started during May Good units completed and transferred out during May Work in process, May 31 45,800 3,000 Degree of completion of ending. WIP 100% 30% Total costs added during may $67,500 $56,000 Normal spoilage as a percentage of good units 10% Degree of completion of normal spoilage 100% 100% Degree of completion of abnormal spoilage 100% 100% Required A. Compute the normal spoilage units. (10 marks) B. Compute the equivalent units for direct material. (10 marks) C. Compute the equivalent units for conversion cost. (10 Marks) D. Compute the cost per equivalent. (5 marks) E. Compute the total cost for completed units. (5 marks) F. Compute the total cost for ending work in process. (Smarks) (Note: You MUST use the given template below to answer.) Template for Question 1: Equivalent unit calculation table (Step 1) (Step 2) Equivalent Units Flow of Production Physical Units Direct Materials Conversion Costs Beginning Work in process (WIP) 1st May Input: Started during current period To account for Output: Good units completed and transferred out in May Normal spoilage Abnormal spoilage Ending WIP Accounted for Equivalent units of work done to date Total Production Costs Direct Materials Conversion Costs (Step 3) Beginning Work in process (WIP)1 May Input: Costs added in May Total costs to account for (Step 4) Costs incurred to date Divide by equivalent units of work done to date Cost per equivalent unit of work done to date (Step 5) Assignment of costs: Good units completed and transferred out Costs before adding normal spoilage Add: Normal spoilage (A) Total costs of good units completed and transferred out (8) Abnormal spoilage (C) Work in process, ending (A)+(B)+(c) Total costs accounted for