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 $ 56,250 $ 40,250 Conversion costs $103,500 $142,845 Percentage of completion: Beginning inventory 40% 55% Ending inventory 80 50 Required: 3. Using the FIFO method, prepare the following for the Assembly Department: a. A physical flow schedule b. An equivalent units calculation c. Calculation of unit costs. Round your answer to the nearest cent (i.e., two decimal places). d. Cost of ending work in process and cost of goods transferred out. e. A cost reconciliation. 4. 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) units are transferred to Finished Goods.