Strathmore, Inc., manufactures educational toys using a weighted average processcosting system. Plastic is molded into the appropriate shapes in the molding department. Molded components are transferred to the assembly department where the toys are assembled and additional materials (for example, fasteners, decals) are applied. Completed toys are then transferred to the packaging department where each toy is boxed.

Strathmore showed the following data on toy production for February:

Molding Assembly Packaging Beginning inventory:
Units 500 — 150 Prior department — os $1,959.00 Materials $2,500.00 — $375.00 Conversion cost $1,050.00 — $225.00 Started or transferred in:
Units 1,000 2 ?
February costs:
Prior department — $14,950.00 $11,754.00 Materials $5,000.00 $487.60 » $2,407.50 Conversion cost $7,660.00 $1,166.00 $2,977.50 Ending inventory in units 200 400 —
Beginning and ending work in process for the three departments showed the following degree of completion:
Molding Assembly Packaging Degree of completion:
BWIP, materials 100% — 100%
BWIP, conversion costs 30 oo 50 EWIP, materials 100 40% —
EWIP, conversion costs 20 40 = Required:
1. Prepare a physical flow schedule for February for the:

a. Molding department -

b. Assembly department

c. Packaging department 2. Compute equivalent units of production for direct materials and for conversion costs for the:

a. Molding department

b. Assembly department

c. Packaging department 3. Complete the following unit cost chart:
Molding Assembly Packaging Unit prior department cost*
Unit materials cost Unit conversion cost Total unit cost *Cost transferred in from prior department 4. Determine the cost of ending work in process and the cost of goods transferred out for each of the three departments.
5. Reconcile the costs for each department.