The Magnatto Company manufactures electric drills. Material is introduced at the beginning of the process in the assembly department. Conversion costs are applied uniformly throughout the process.

As the process is completed, goods are immediately transferred to the Finishing Department. Data for the assembly department for the month of July 2007 follow:

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Work-in-process, June 30: $175,500 (consisting of $138,000 materials and $37,500 conversion costs); 100% completed for direct materials, but only 25% completed for conversion costs Units started during July Units completed during July Work-in-process, July 31: 100% completed for direct materials, but only 50% completed for conversion costs Direct materials added during July Conversion costs added during July 10,000 units 80,000 units 70,000 units 20,000 units $852,000 $634,500 1. Compute the total cost of goods transferred out of the Assembly Department during July. 2. Compute the total costs of the ending work-in-process. Prepare a production-cost report or a similar orderly tabulation of your work. Assume weighted-average product costing.