Weighted-average method. $tar Toys manufactures one type of wooden toy figure. It buys wood as its direct material for the Forming Department of its Fredericton plant. The toys are transferred to the Finishing Department; where they are hand-shaped and metal is added to them.

fitar Toys uses the weighted-average method of process costing. Consider the following data for the Forming Department in April 2007:

Physical Units Direct Conversion

(Toys) Materials Costs Work in process, April 1*

Started during April 2007 Completed during April 2007 Work in process, April 30t Costs added during April 2007 350 $ 7,500 2,250 2,050 550

$70,000

*Degree of completion: direct materials, 100%; conversion costs, 40%.

+ Degree of completion: direct materials, 100%; conversion costs, 25%.

$ 2,125

$42,500 Required Summarize the total Forming Department costs for April 2007, and assign these costs to units completed (and transferred out) and to units in ending work in process using the weightedaverage method.