Mundy Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem focuses on the assembly department. The process-costing system at Mundy has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process. Mundy uses the FIFO method of process costing. Consider the following data for the assembly department in April 2014: See Attached

Requirement 1. Summarize total assembly department costs for April 2014,and assign total costs to units completed (and transferred out) and to units in ending work in process. Begin by calculating the physical units and equivalent units. (For amounts with a 0 balance, make sure to enter "0" in the appropriate cell.)

	Equivalent Units
	Physical Units	Direct	Conversion
	(tons)	Materials	Costs
Work in process, beginning	75
Transferred-in during current period	550
To account for
Completed and transferred out during current period:
From beginning work in process	75
Started and completed
Work in process, ending	125
Accounted for
Equivalent units of work done in current period

i Data Table Physical Units Direct Conversion (Frames) Materials $1,775 Costs Beginning work in process, (April 1) Started during April 2014 Completed during April 2014 Ending work in process, (April 30)b Total costs added during April 2014 aDegree of completion: direct materials, 100%; conversion costs, 4096. bDegree of completion: direct materials, 100%; conversion costs, 20%. 75 550 500 125 $135 $17 600 $10,890 $17,600$10,890 i Reference Total Direct Conversion Production CostsMaterials Costs Completed and transferred out Work in process, ending Total costs accounted for $ 26,000 S 15,500 $10,500 3,875 30,400 $19,375 $11,025 4.400 525 PrintDone