Koy Kingdom, manufactures educational toys using both Weighted Average and FIFO Method in process costing systems. 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 and decals) are applied. Completed toys are then transferred to the Packaging Department where each toy is boxed.

Toy Kingdom, showed the following data on toy production for February:

	MOLDING	ASSEMBLY	PACKAGING
Inventory Costing Method	(Weighted Ave)	FIFO	FIFO
Beg. Inventory:
Units	500		150
Prior Department			19,590
Materials Costs	25,000		3,750
Conversion Costs	10,500		2,250
Started or Transferred in:
Units	500	?	300
February Costs:
Prior Department	-	?	?
Materials	50,000	4,876	24,075
Conversion Costs	76,600	11,660	29,775
Completed & Transferred Units	?	?
Ending Inventory in Units	200	300	50
Inspection Point	End of the process	During the process, have not yet reach point of inspection	Inspection point at the beginning of the process
% Normal Lost	During the process, without indication of inspection	50 units	10%

  Beginning and ending work in process for the three departments showed the following degree of completion:

	MOLDING	ASSEMBLY	PACKAGING
Materials application	50% beginning of the process and 50% at the end.	Application of materials, after inspection	Materials Application: 50% beg. Of the process, add’l 50% evenly throughout the process.
Degree of Completion In-Process Beg.	50%	?	80%
Degree of Completion In-Process End.	80%	60%	Work in Process – End 80% completion.

Prepare Departmental Cost of Production Report, showing the quantity schedule & equivalent production in units, Computation of Unit Costs, Reconciliation of Cost.`