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; the Assembly Department, additional direct materials are added at the end the process. In both departments, conversion costs are incurred uniformly throughout the process. work is completed, it is transferred out. The following table summarizes the production activity and costs for February Molding Assembly Beginning inventories: Physical units 8.000 10.000 Costs Transferred in $45,200 Direct materials $22,000 Conversion costs $13,800 $16,800 Current production: Units started 25,000 Units transferred out 35.000 30,000 Costs: Transferred in 7 Direct materials $56,250 $39.550 Conversion costs $103,500 $136.500 Percentage of completion: Beginning inventory 40% 50% Ending inventory 50 Total Equivalent Units 25,000 Direct Materials 30,000 Conversion Costs c. Calculation of unit costs. Round your answer to the nearest cent. 5.70 per unit d. Cost of ending work in process and cost of goods transferred out. Cost of ending work in process: $ 35,800 X Cost of goods transferred out: $ 35,800 X e. A cost reconciliation. Costs to account for: Beginning work in process 35,800 159,750 Costs incurred $ 195,550 Total costs to account for Costs accounted for: Transferred out Ending work in process 24,979 X $ 195,550 Total costs accounted for b. An equivalent units calculation Total Equivalent Units 56,250 X Direct Materials 153,300 Conversion Costs X Transferred In 38,000 X . Calculation of unit costs. If required, round your intermediate computations and final answer to four decimal places and use the rounded answer in subsequent computations. X per unit 11.01 Compute the following. For interim computations, carry amounts out four decimal places. Round your final answers to the nearest dollar. Cost of ending work in process: $ 25,840 Cost of goods transferred out: $385,200 X o the nearest dollar. A cost reconciliation. When necessary, round equivalent cost per unit to four decimal places, and round all other amounts Costs to account for 62,000 Beginning work in process Costs incurred 346,550 408,550 Total costs to account for Costs accounted for: 385,200X Transferred out Ending work in process 23,350 $408,550 X Total costs accounted for Note: Cost reconciliation totals differ by $1 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 ( the units are transferred to Finished Goods. Work in Process-Assembly 39,55 Materials Inventory 39,550 Process-Assembly (b) Work 136500 Conversion Costs-Control 136,500 ( Finished Goods Process-Assembly Work