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 10,000 8,000 Costs: Transferred in $45,400 Direct materials $22,000 Conversion costs $13,800 $16,700 Current production: Units started 25,000 ? Units transferred out 30,000 35,000 Costs: Transferred in Direct materials $56,750 $39,550 Conversion costs $106,500 $143,000 Percentage of completion: Beginning inventory 40% 50% Ending inventory 80 50 b. An equivalent units calculation Total Equivalent Units Direct Materials 25,000 Conversion Costs 30,000 C. Calculation of unit costs. Round your answer to the nearest cent. per unit d. Cost of ending work in process and cost of goods transferred out. Cost of ending work in process: $ Cost of goods transferred out: $ e. A cost reconciliation. Costs to account for: Beginning work in process Costs incurred Total costs to account for Costs accounted for: Transferred out Ending work in process Total costs accounted for 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. (a) (b) (c)