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

Required:

1. Using the FIFO method, prepare the following for the Molding Department:

   1. A physical flow schedule

   2. An equivalent units calculation

   3. Calculation of unit costs. Round to four decimal places.

   4. Cost of ending work in process and cost of goods transferred out

   5. A cost reconciliation

2. Prepare journal entries that show the flow of manufacturing costs for the Molding Department. Materials are added at the beginning of the process.

3. Repeat Requirements 1 and 2 for the Assembly Department.