18.8A Wilson Dynamics makes flanges in a continuous process through two departiments: For ting ging and Assembly. All direct materials are added at the beginning of the process in the Forging Depaut ment, whereas all direct materials are added at the end of the process in the Assembly Depant Coeversion costs are incurred unifoenly over tine the Forging Department they ane transferred to the Assembly Department. The costs associaned with the transferred units are included in the computation of the Assembly Department's costs. The information presented below was compiled at the end of July in both departments As units are completed in Forging Assembly Beginning Inventories (on July 1) 4,000 Physical units in producion carried forward from June 30 Costs: 5,000 68.000 Transfermed Forging costs camiad forward from June 30... Direct materials costs carried forward from June 30 45,000 16,000 3,000 Conversion costs carried forward from June 30 Current Production (in July Units started during July Units in ending inventonies as of July 31 Costs 75.000 16.000 8.000 Forging costs translerred to Assembly during July.... $675.000 $720.000 191,400 Direct materials costs incurred in July 6OB.O00 Percentage of Completion Inventories with respect to conversion on uly 1 invertones with respect to conversion on July 31 25% 75 30 Complete the fol kowing requirements for the Forging Departmen L. a. Prepare a schedule showing units started and completed in the Forging Department dur ing July Compute the equivalens units of direct materials and conversion for the Forging Depan- ment in July 2 & Desennine the cost per equivalent unit of imput resource for the Forging Department dur 4 Prepare the summary journal entry required to transfer units from the Forging Department s. Compute the costs assigned to ending imventory in the Forging Department on July 31. 1. Prepare a schedule showing units sarted and completed in the Assembly Departmen 2. Compute the equivalent units of direct materials and conversion for the Assembty ing July to the Assembly Department daring July h Complete the following requirements for the Assembly Depurment ing July. Depanment in July. Direct materials include both those transferred in from the Forging J. Determine the cost per equivalent unit of inpat resource for the Assembly Department 4. Prepare the summary jourmal entry required to transfer units from the Assembly Depat S. Compute the costs assigned to ending inventory in the Assembly Department on July Department and those added by the Assembly Department during luly. ment to Finished Goods Inventory during July