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 mate- rials are added at the beginning of the process; in the Assembly Department, additional direct Is are added at the end of the process. In both departments, conversion 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 Costs: 10,000 45,200 S 16,800 Transferred in 22,000 S 13,800 Conversion costs Current production Units started Units transferred out 25,000 35,000 Transferred in S S6,250 $103,500 s 39,550 $136,500 Percentage of completion: Beginning inventory Ending inventory 50% 50 80 Required: FIf mS 1. Using the prepare the following for the Molding Department: a. b. c. d. e. A physical flow schedule An equivalent units calculation Calculation of unit costs. Round to four decimal places. Cost of ending work in process and cost of goods transferred out A cost reconciliation