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Muskoge Company manufactures a product that goes through two processes: Assembly and Painting. In the Assembly Process, direct materials are added at the beginning of

Muskoge Company manufactures a product that goes through two processes: Assembly and Painting. In the Assembly Process, direct materials are added at the beginning of the process; in the Painting Process, direct materials are added at the end of the process.

Assembly Painting

Beginning inventories:

Physical units 10,000 8,000

Costs:

Transferred in -------- $45,200

Direct materials $22,000 --------

Conversion costs $13,800 $16,800

Current Production:

Units started 25,000 ?

Units transferred out 30,000 35,000

Costs:

Transferred in -------- ?

Direct materials $56,250 $39,550

Conversion costs $103,500 $136,500

Percentage of completion for conversion costs:

Beginning inventory 40% 50%

Ending inventory 80% 50%

Required(Show work)

A) Prepare a production cost report for the assembly process using weighted-average costing.

B) What journal entry would be made after preparing the production cost report for the assembly process?

C) Prepare a production cost report for the painting process using weighted-average costing.

D) What journal entry would be made after preparing the production cost report for the painting process?

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