Activity Rate Weighted Average Method, Physical Flow, Equivalent Units, Unit Costs, Cost Assignment, ABC Swasey Fabrication, Inc., manufactures frames for bieydes. Each frame passes through three processes: Cutting, Welding, and Painting. In September, the Cutting Department of the Tulsa, Oklahoma, plant reported the following data: a. In Cutting, all direct materials are added at the beginning of the process. 5. Beginning work in process consisted of 41,500 units, 20 percent complete with respect to direct labor and overhead. Costs in beginning inventory included direct materials, $1,205,000, direct labor, $222,800; and applied overhead, $150,000. c. Costs added to production during the month were direct materials, $2,704,200; direct labor, $3,457,200 Overhead was assigned using the following information: Actual Driver Usage Inspection $150 per inspection hour 4,000 Inspection hours Maintenance $750 per maintenance hour 1,600 maintenance hours Receiving $300 per recelving order 2,000 receiving orders d. At the end of the month, 121,200 units were transferred out to Welding, leaving 13,600 units in ending work in process, or 25 percent complete. Required: 1. Prepare a physical flow schedule 41.500 Swasey Fabrication, Inc. Physical Flow Schedule Units to account for: Units, beginning work in process Units started transferred in Total units to account for Units accounted for: Units completed and transferred out 100 134 121,200 Check My Work All work saved Save and Ex Submit Assignment for Grading Total units accounted for 134,800 Feed Check My Wor 1. The physical flow schedule traces the units in process regardless of their stage of completion and provides the information needed for preparing the equivalent units schedule 2. Calculate equivalent units of production for direct materials and conversion costs, Direct Materials Equivalent Units 134,800 124,600 Conversion Costs 3. Compute unit cost under weighted average. Unit direct materials cost 29 Unit conversion costs Total unit cost 4. Calculate the cost of goods transferred to Welding at the end of the month. Calculate the cost of ending inventory Cost of goods transferred out UUuuu Equivalent Units Direct Materials 134,800 Conversion Costs 124,600 3. Compute unit cost under weighted average. Unit direct materials cost 29 Unit conversion costs Total unit cost 4. Calculate the cost of goods transferred to Welding at the end of the month. Calculate the cost of ending Inventory Cost of goods transferred out Ending WIP Peace 5. Prepare the journal entry that transfers the goods from Cutting to Welding Work In Process-Welding in 10,129,100 x Work In Process-cutting Foto