Muskoge Company uses a process$-$costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity and costs for February:

Molding Assembly

Beginning inventories:

Physical units $10,0008,000$

Costs:

Transferred in $$ $$45,200$

Direct materials $$22,000$

Conversion costs $$13,800$ $$16,800$

Current production:

Units started $25,000?$

Units transferred out $30,00035,000$

Costs:

Transferred in $?$

Direct materials $$56,400$ $$40,250$

Conversion costs $$103,500$ $$140,150$

Percentage of completion:

Beginning inventory $40\%50\%$

Ending inventory $8050$

Required:

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$1.$ Using the weighted average method, prepare the following for the Molding Department:

a$.$ A physical flow schedule

Molding Department, Physical flow schedule:

Units to account for: blank

Units, beginning work in process

Units, beginning work in process

$10,000$

Units started in February

Units started in February

$25,000$

Total units to account for fill in the blank d$2307$f$003$fab$064\_5$

$35,000$

Units accounted for: blank

Units completed and transferred out:

Started and completed

Started and completed

$20,000$

From beginning work in process

From beginning work in process

$10,000$

Units, ending work in process

Units, ending work in process

$5,000$

Total units accounted for fill in the blank d$2307$f$003$fab$064\_12$

$35,000$

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a$.$ The physical flow schedule traces the units in process regardless of their stage of completion.

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b$.$ An equivalent units calculation

Total equivalent units

Direct Materials fill in the blank $777$c$1$bf$9804$aff$2\_1$

$35,000$

Conversion Costs fill in the blank $777$c$1$bf$9804$aff$2\_2$

$34,000$

c$.$ Calculation of unit costs. Round your intermediate computations and final answer to four decimal places.

$fill in the blank $777$c$1$bf$9804$aff$2\_3$

$5\mathrm{.}80$

per unit

d$.$ Calculate the cost of ending work in process and cost of goods transferred out. Round your answers to the nearest dollar.

Cost of ending work in process: $fill in the blank $777$c$1$bf$9804$aff$2\_4$

$170,571$

Cost of goods transferred out: $fill in the blank $777$c$1$bf$9804$aff$2\_5$

$195,546$

e$.$ A cost reconciliation. When required, round your answers to the nearest dollar.

Costs to account for:

Beginning work in process $fill in the blank $777$c$1$bf$9804$aff$2\_6$

$35,800$

Costs incurred fill in the blank $777$c$1$bf$9804$aff$2\_7$

$159,750$

Total costs to account for $fill in the blank $777$c$1$bf$9804$aff$2\_8$

$195,550$

Costs accounted for:

Transferred out $fill in the blank $777$c$1$bf$9804$aff$2\_9$

$170,571$

Ending work in process fill in the blank $777$c$1$bf$9804$aff$2\_10$

$24,979$

Total costs accounted for $fill in the blank $777$c$1$bf$9804$aff$2\_11$

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b$.$ To calculate equivalent units, weighted average counts prior$-$period output in BWIP as belonging to the current period. All units are output in the current period.

c$.$ Unit cost $=$ Unit direct materials cost $+$ Unit conversion costs

d$.$ Costing out ending work in process is done by computing the cost of each input and then adding to obtain the total. The valuation of cost of goods transferred out is simplified as it is the total unit cost multiplied by the units completed.

e$.$ Reconciliation is making sure that the costs assigned to goods or services completed and EWIP are equal to the costs to account for.

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$2.$ Prepare journal entries that show the flow of manufacturing costs for the Molding Department. $($a$)$ Materials are added at the beginning of the process, $($b$)$ conversion costs are recorded, and $($c$)$ units are transferred to the Assembly Department. When required, round your answers to the nearest dollar.

a$.$

Work in Process$-$Molding

$56,400$

Materials Inventory

$56,400$

b$.$

Work in Process$-$Molding

$103,500$

Conversion Costs$-$Control

$103,500$

c$.$

Work in Process$-$Assembly

$170,700$

Work in Process$-$Molding

$170,700$

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$2.$ An example of journal entries showing the flow of costs is illustrated above Exhibit $6\mathrm{.}5.$

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$3.$ Repeat Requirements $1$ and $2$ for the Assembly Department.

a$.$ A physical flow schedule:

Assembly Department, Physical flow schedule:

Units to account for: blank

Units, beginning work in process

Units, beginning work in process

$8,000$

Units started in February $($transferred in$)$

Units started in February $($transferred in$)$

$30,000$

Total units to account for fill in the blank $3701$e$4$fda$04$b$032\_5$

$38,000$

Units accounted for: blank

Units completed and transferred out:

Started and completed

Started and completed

$27,000$

From beginning w