McKnight Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments assembly and finishing. This problem focuses on the assembly department. The process costing system at McKnight has a single direct cool category (direct materials and a single indired cost category (conversion costs). Direct materials are added when the assembly department process is 10% completo Conversion costs are added evenly during the assembly department's process McKnight uses the weighted average method of process conting. Consider the following data for the assembly department in April (Click the icon to view the assembly department data) 5 Sg S 0 and adde Jembl Conversion Costs $319 data gwa Physical Units Direct (frames) Materials Work in process, April 19 95 $2,105 Started during April 490 Completed during April 455 Work in process, April 306 130 Costs added during April $17,200 Degree of completion direct materials, 100%; conversion costs, 40% Degree of completion direct materials, 100%; conversion costs, 30%. $12,525 b Equivalent Units Direct Conversion Materials Costs Physical Units 95 Flow of Production Work in process, beginning Started during current period 490 Direct Total Production Costs Conversion Costs Materials Work in process, beginning Costs added in current period Total costs to account for Direct Materials Conversion Costs Divide by Cost per equivalent unit for work done to date Total Direct Materials Conversion Costs Production Costs Work in process, beginning Completed and transferred out Total costs accounted for