Transferred-in costs, weighted-average method. Publish Inc. has two departments: Print- ing and Binding. Each department has one direct-cost category (direct materials) and one indirect-cost category (conversion costs). This problem focuses on the Binding Department.

Books that have undergone the printing process are immediately-transferred to the Binding @&
Department. Direct material is added when the binding process is 80% complete. sion costs are added evenly during binding operations. When those operations are done, the "2! 0st 0! workin process, books are immediately transferred to Finished Goods. Publish Inc. uses the weighted-average pees method of process costing. The following is a summary of the April 2010 operations of the Binding Department.

REQUIRED 1. Summarize the total Binding Department costs for April 2010, and assign these costs to units completed (and transferred out) and to units in ending work in process.
2. Prepare journal entries for April transfers from the Printing Department to the Binding Department and from the Binding Department to Finished Goods.LO1

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Physical Units Transferred-in Direct Conversion (books) Costs Materials Costs Beginning work in process Degree of completion, beginning work in process 900 $32,775 $ 0 $15,000 100% 0% 40% Transferred in during April 2010 2,700 Completed and transferred out during April Ending work in process (April 30) 3,000 600 Degree of completion, ending work in process Total costs added during April 100% 0% $144,000 $26,700 60% $69,000