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				$45,300
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		$56,750		$40,250
Conversion costs		$106,900		$136,500
Percentage of completion:
Beginning inventory		40%		50%
Ending inventory		80		50

Required:

Question Content Area

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
Started and completedUnits, beginning work in processUnits, ending work in process	- Select -
Started and completedUnits, ending work in processUnits started in February	- Select -
Total units to account for	fill in the blank 13bcfef94fa1f9a_5
Units accounted for:	blank
Units completed and transferred out:
Started and completedUnits, beginning work in processUnits started in February	- Select -
From beginning work in processTotal units accounted forUnits completedUnits transferred out	- Select -
Units, beginning work in processUnits, ending work in processUnits started in February	- Select -
Total units accounted for	fill in the blank 13bcfef94fa1f9a_12

Question Content Area

b. An equivalent units calculation

	Total equivalent units
Direct Materials	fill in the blank 4412f8f23056fb2_1
Conversion Costs	fill in the blank 4412f8f23056fb2_2

c. Calculation of unit costs. Round your intermediate computations and final answer to four decimal places. $fill in the blank 4412f8f23056fb2_3 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 4412f8f23056fb2_4 Cost of goods transferred out: $fill in the blank 4412f8f23056fb2_5

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 4412f8f23056fb2_6
Costs incurred	fill in the blank 4412f8f23056fb2_7
Total costs to account for	$fill in the blank 4412f8f23056fb2_8

Costs accounted for:
Transferred out	$fill in the blank 4412f8f23056fb2_9
Ending work in process	fill in the blank 4412f8f23056fb2_10
Total costs accounted for	$fill in the blank 4412f8f23056fb2_11

Question Content Area

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.	Conversion Costs-ControlFinished GoodsMaterials InventoryWork in Process-Molding	- Select -
	Accounts PayableCashMaterials InventoryOverhead ControlWork in Process-Assembly		- Select -
b.	CashConversion Costs-ControlFinished GoodsMaterials InventoryWork in Process-Molding	- Select -
	Accounts PayableCashConversion Costs-ControlOverhead ControlWork in Process-Assembly		- Select -
c.	CashConversion Costs-ControlFinished GoodsMaterials InventoryWork in Process-Assembly	- Select -
	CashConversion Costs-ControlMaterials InventoryWork in Process-AssemblyWork in Process-Molding		- Select -

Question Content Area

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
Started and completedUnits, beginning work in processUnits, ending work in process	- Select -
Started and completedUnits, ending work in processUnits started in February (transferred in)	- Select -
Total units to account for	fill in the blank 9ff4ecf5c032031_5
Units accounted for:	blank
Units completed and transferred out:
Started and completedUnits, beginning work in processUnits started in February (transferred in)	- Select -
From beginning work in processTotal units accounted forUnits completedUnits transferred out	- Select -
Units, beginning work in processUnits, ending work in processUnits started in February (transferred in)	- Select -
Total units accounted for	fill in the blank 9ff4ecf5c032031_12

Question Content Area

b. An equivalent units calculation

	Total Equivalent Units
Direct Materials	fill in the blank 41d35302af9b03d_1
Conversion Costs	fill in the blank 41d35302af9b03d_2
Transferred In	fill in the blank 41d35302af9b03d_3

c. Calculate the total unit costs. Round your intermediate computations and final answer to four decimal places. $fill in the blank 41d35302af9b03d_4 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 41d35302af9b03d_5 Cost of goods transferred out: $fill in the blank 41d35302af9b03d_6

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

Costs to account for:
Beginning work in process	$fill in the blank 41d35302af9b03d_7
Costs incurred	fill in the blank 41d35302af9b03d_8
Total costs to account for	$fill in the blank 41d35302af9b03d_9

Costs accounted for:
Transferred out	$fill in the blank 41d35302af9b03d_10
Ending work in process	fill in the blank 41d35302af9b03d_11
Total costs accounted for	$fill in the blank 41d35302af9b03d_12

Note: Cost reconciliation totals differ due to rounding error.

Question Content Area

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.

a.	CashConversion Costs-ControlMaterials InventoryWork in Process-AssemblyWork in Process-Molding	- Select -
	Accounts PayableCashFinished GoodsMaterials InventoryWork in Process-Molding		- Select -
b.	CashConversion Costs-ControlMaterials InventoryWork in Process-AssemblyWork in Process-Molding	- Select -
	CashConversion Costs-ControlCost of Goods SoldFinished GoodsWork in Process-Molding		- Select -
c.	Accounts PayableCashConversion Costs-ControlFinished GoodsMaterials Inventory	- Select -
	Accounts PayableCashFinished GoodsWork in Process-AssemblyWork in Process-Molding		- Select -