Nova water Factory produces purified water. It uses process costing system with the FIFO system. The following information is obtained from the Forming department, for the month of January of 2009.  All direct materials are added at the beginning of the process and the Direct Labor and MOH costs are added evenly during the process and labeled as Conversion cost.  Spoiled units are detected only at the end of the process.  The factory managers set a normal spoilage rate of 5%. Description Physical Flow Direct Material Conversion Cost WIP inventory, January 1, 2009 10,000 units Br.120,000 Br.82,000 Started during January, 2009 58,000 units Br.580,000 Br. 599,500 Completed during January, 2009 52,000 units WIP inventory, January 31, 2009 12,000 units Percentage of completion Direct Materials Conversion Cost WIP inventory, January 1, 2009 100% 75% WIP inventory, January 31, 2009 100% 50% Required 1. Compute the Equivalent unit 2. Compute the cost of Normal Spoilage and Abnormal Spoilage 3. Prepare the production Cost Worksheet 4. Show the journal entry to record a. The good units completed and transferred out to Finished goods b. The Abnormal Spoilage​