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 Physical units 10,000 8,000 Transferred in $45,200 $22,000 Conversion costs $13,800 $16,800 Units started 25,000 Units transferred out 30,000 35,000 Transferred in $56,400 211 PM Direct materials 56,400$40,250 Conversion costs $103,500 $136,500 Percentage of completion: Beginning inventory 40% 50% Ending inventory 80 50 Required: 1. Using the weighted average method, prepare the following for the Molding Department: Molding Department, Physical flow schedule: Units to account for: Total units to account for Units accounted for: and transferred out: Si Conversion Costs Cost of ending work in process eBook e. A cost reconciliation. When required, round your answers to the nearest dollar. Costs to account for: Costs incurred Total costs to account for Costs accounted for: Transferred out Ending work in process Total costs accounted for d ) 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. b. /4/2019 Ei 214 PM eBook Units completed and transferred out: Direct Materials Conversion Costs Transferred In c. Calculate the total unit costs. Round your intermediate computations and final answer to four decimal places. 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: $ Cost of goods transferred out: e. A cost reconciliation. If required, round your answers to the nearest dollar. eBook e. A cost reconciliation. If required, round your answers to the nearest dollar Costs to account for: Beginning work in process Total costs to account for Costs accounted for: Transferred out Total costs accounted for Note: Cost reconciliation totals differ due to rounding error. Prepare journal entries that show the flow of manufacturing costs for the Assembly Department. (a) Materials are added at the end of the pr conversion costs are recorded, and (c) the units are transferred to Finished Goods. ocess, (b) 214 PM Total costs to account for Costs accounted for: Ending work in process Total costs accounted for Note: Cost reconciliation totals differ due to rounding error. Prepare journal entries that show the flow of manufacturing costs for the Assembly Department. (a) Materials are added at the end of the process, (b) conversion costs are recorded, and (c) the units are transferred to Finished Goods. b. c. 2:15 PM 3/4/2019