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 - $45,200 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 $56,250 $39,550 Conversion Costs $103,500 $136,500 Percentage of Completion: Beginning Inventory 40% 50% Ending Inventory 80 50 b. An equivalent units calculation: Total Equivalent Units Direct Materials _________________ Conversion Costs _________________