Physical Units	Transferred-in costs (from Production Dept.)	Direct Material	Conversion Costs
Beginning inventory, WIP (June 1)	90	$105,000	$0	$55,000
% of completion, beginning WIP		100%	0%	60%
Transferred-in during June	150
Completed and transferred-out in June	155
Ending inventory, WIP (June 30)	???
% of completion, ending WIP		100%	20%	80%
Total costs added during June		$205,000	$55,000	$99,000

Individual assignment:

XYZ Co. operates two departments: Production and Assembly. This exercise focuses on the Assembly department. Direct Materials are added at the end of the process but conversion costs are added evenly during the process. Required: Using FORMULAS, prepare a worksheet to assign total costs to units completed and to units in ending work in process using weighted-average method of process costing.

Rules/steps to consider:

• Prepare first the hand-written assignment