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		$20,450
Current production:
Units started		25,000		?
Units transferred out		30,000		35,000
Costs:
Transferred in				?
Direct materials		$56,400		$39,550
Conversion costs		$103,500		$140,150
Percentage of completion:
Beginning inventory		40%		50%
Ending inventory		80		50

Required:

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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 processUnits, beginning work in process	Units, beginning work in process
Started and completedUnits, ending work in processUnits started in FebruaryUnits started in February	Units started in February
Total units to account for	fill in the blank 8b2d03fddf9906a_5
Units accounted for:	blank
Units completed and transferred out:
Started and completedUnits, beginning work in processUnits started in FebruaryUnits, beginning work in process	Units, beginning work in process
From beginning work in processTotal units accounted forUnits completedUnits transferred outUnits completed	Units completed
Units, beginning work in processUnits, ending work in processUnits started in FebruaryUnits, ending work in process	Units, ending work in process
Total units accounted for	fill in the blank 8b2d03fddf9906a_12

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b. An equivalent units calculation

	Total equivalent units
Direct Materials	fill in the blank b29f69079052fd6_1
Conversion Costs	fill in the blank b29f69079052fd6_2

c. Calculation of unit costs. Round your intermediate computations and final answer to four decimal places. $fill in the blank b29f69079052fd6_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 b29f69079052fd6_4 Cost of goods transferred out: $fill in the blank b29f69079052fd6_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 b29f69079052fd6_6
Costs incurred	fill in the blank b29f69079052fd6_7
Total costs to account for	$fill in the blank b29f69079052fd6_8

Costs accounted for:
Transferred out	$fill in the blank b29f69079052fd6_9
Ending work in process	fill in the blank b29f69079052fd6_10
Total costs accounted for	$fill in the blank b29f69079052fd6_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 7084fbf77fdaf83_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 7084fbf77fdaf83_12

Question Content Area

b. An equivalent units calculation

	Total Equivalent Units
Direct Materials	fill in the blank 6adcb502ffd005f_1
Conversion Costs	fill in the blank 6adcb502ffd005f_2
Transferred In	fill in the blank 6adcb502ffd005f_3

c. Calculate the total unit costs. Round your intermediate computations and final answer to four decimal places. $fill in the blank 6adcb502ffd005f_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 6adcb502ffd005f_5 Cost of goods transferred out: $fill in the blank 6adcb502ffd005f_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 6adcb502ffd005f_7
Costs incurred	fill in the blank 6adcb502ffd005f_8
Total costs to account for	$fill in the blank 6adcb502ffd005f_9

Costs accounted for:
Transferred out	$fill in the blank 6adcb502ffd005f_10
Ending work in process	fill in the blank 6adcb502ffd005f_11
Total costs accounted for	$fill in the blank 6adcb502ffd005f_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-MoldingWork in Process-Molding	Work in Process-Molding
	Accounts PayableCashFinished GoodsMaterials InventoryWork in Process-MoldingMaterials Inventory		Materials Inventory
b.	CashConversion Costs-ControlMaterials InventoryWork in Process-AssemblyWork in Process-MoldingWork in Process-Molding	Work in Process-Molding
	CashConversion Costs-ControlCost of Goods SoldFinished GoodsWork in Process-MoldingConversion Costs-Control		Conversion Costs-Control
c.	Accounts PayableCashConversion Costs-ControlFinished GoodsMaterials Inventory	- Select -
	Accounts PayableCashFinished GoodsWork in Process-AssemblyWork in Process-MoldingWork in Process-Assembly		Work in Process-Assembly