Lacy, inc., produces a subassembly used in the productin of hydraulic cylinders. The subassemblies are produced in three departments: Plate cutting, rod cutting, and welding. Materiasl are added at the beginning of the process. OVerhead is applied using the ofllowing drivers and activity rates:

Driver Rate acutal usage (by plate cutting)

direct labor cost 150% of direct labor 732,000

inspection cost $40 per hour 7450 hours

purchase orders $1000 per order 800 orders

other data for the plate cutting deparment are as follows:

beginning work in process ------

units started 750000

direct materials cost 6000000

units ending work in process (100% materials; 64% conversion) 50000

calculate equivalent units of prodcution for direct materials and conversion costs

provide the following information: the total cost of units transferred out

the journal entry for transferring costs form plate cutting to welding

the cost assigned to unis ending inventory