/ P17-41 (book/static) Question Help Mcknight Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem focuses on the assembly department. The process-costing system at McKnight has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process. McKnight uses the weighted average method of process costing. Consider the following data for the assembly department in April 2017: (Click the icon to view the data.) Read the requirements Requirement 1. Summarize total assembly department costs for April 2017, and assign total costs to units completed (and transferred out) and to units in ending work in process Begin by calculating the physical units and equivalent units. Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Work in process, beginning Started during current period 510 To account for Completed and transferred out during current period Work in process, ending 450 Accounted for Equivalent units of work done to date Now summarize the total costs to account for. Total Production Costs Direct Materials Conversion Costs D . process-costing system at Mcknight has a single direct-cost category direct materiais) and a single indirect-cost category (conversion costs). Direct materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process. McKnight uses the weighted average method of process costing. Consider the following data for the assembly department in April 2017: B (Click the icon to view the data.) Costs 156 11,544 11,700 Read the requirements. Production Costs Materials Work in process, beginning 1.686 S 1,530 $ Costs added in current period 29,394 17,850 31,080 $ 19,380 $ Total costs to account for Next calculate cost per equivalent unit for direct materials and conversion costs. Direct Conversion Materials Costs Costs incurred to date 19,380 $ 1700 Divide by Equivalent units of work done to date 570 Cost per equivalent'unit Finally assign total costs to units completed (and transferred out) and to units in ending work in process. Total Direct Conversion Production Costs Materials Costs Completed and transferred out Work in process, ending Total costs accounted for Enter any number in the edit fields and then click Check