Demonstration Problem Plaid-Clad manufactures golf bags in a two-department process: Assembly and Finishing. The Assembly I ment uses weighted average costing, the percentage of completion of overhead in this department is unrela direct labor. The Finishing Department adds hardware to the assembled bags and uses FIFO costing, overl applied in this department on a direct labor basis. For June, the following production data and costs were gath Assembly Department: Units Beginning WIP Inventory (100% complete for DM: 40% complete for DM: 30% complete for OH) Units started Ending WIP Inventory (100% complete for material; 250 8,800 70% complete for labor; 90% complete for overhead) Assembly Department: Costs 400 DM DL OH Total Beginning WIP Inventory Current Total costs 4,695 191,607 104,075 64,296$27,931$196,302 250 27,681 S 3,755 690 63,606 00,320 Finishing Department: Units Beginning wiP Inventory (100% complete for transferred in; 15% complete for DL; 40% complete for conversion) Units transferred in Ending WIP Inventory (100% complete for transferred in; 30% complete for DL; 65% complete for conversion) 100 8,650 200 Finishing Department: Costs Transferred In DM Conversion Total $ 30 15,471 $190,746 15,501 $ 2,176 Beginning inventory Current $ 95 2,301 225,641 188,570 21,600 955227,942 Totals Required: Prepare Prepare a cost of production report for the Finishing Department. a cost of production report for the Assembly Department. a. b