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assignments&takeAssignmentSessionLocator = assignment-take&onprogress NP eBook Calculator Print Item Weighted Average Method, Journal Entries 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 Direct materials Conversion costs $45,200 $22,000 $13,800 $16,800 Current production: 25,000 Units started Units transferred out Costs: 30,000 35,000 Transferred in Direct materials 556.750 $39,550 Previous Check Hy Work 3 more Check My Work uses remaining 839 AM eBook Calculator Print Item Conversion costs $106,900 $136,500 Percentage of completion: Beginning inventory 4096 50% Ending inventory Required 1. Using the weighted average method, prepare the following for the Molding Department: a. A physical flow schedule 80 50 Molding Department, Physical flow schedule: Units to account for: Units, beginning work in proess10.000 10,000 25.000 35,000 Units started in February Total units to account for Units accounted for Units completed and transferred out: Started and completed 20,000 From beginning work in process 10,000 Units, ending work in process 5,000 Total units accounted for 35.000 Check Hy Work 3 more Check My Work uses remaining Previo 8:39 AM 20/02/2019 v. eBook Calculator Print Item b. An equivalent units calculatiorn Total equivalent units Direct Materials Conversion Costs c. Calculation of unit costs. Round your intermediate computations and final answer to four decimal places. per unit d. Calculate the cost of ending work in process and cost of goods transferred out. Round your answers to the nearest dollar. Cost of ending work in process: Cost of goods transferred out: e. A cost reconciliation. When required, round your answers to the nearest dollar. Costs to account for: Beginning work in process Costs incurred Total costs to account for Costs accounted for: Transferred out Ending work in process Totat costs accounted for eck My Worlk 3 more Check My Work uses remaining Prev Print Item eBook 2. Prepare journal entries that show the flow of manufacturing costs for the Molding Department. (a) Materials are added at the beginning of the process, (b) conversion costs are recorded, and (c) units are transferred to the Assembly Department. When required, round your answers to the nearest dollar. Calculator a. b. 3. Repeat Requirements 1 and 2 for the Assembly Department. a. A physical flow schedule: Assembly Department, Physical flow schedule: Units to account for: Total units to account for Units accounted for: Units completed and transferred out Check My Work 3 more Check My Work uses remaining Previous 840 AM 20/02/2019 Print Item Units completed and transferred out Total units accounted for b. An equivalent units calculation Total Equivalent Units Direct Materials Conversion Costs Transferred In c. Calculate the total unit costs. Round your intermediate computations and final answer to four decimal p per unit d. Calculate the cost of ending work in process and cost of goods transferred out. Round your answers to Cost of ending work in process: Cost of goods transferred out: e. A cost reconciliation. If required, round your answers to the nearest dollar Costs to account for: Beoinning work in orocess Check My Work Previous 3 more Check My Work uses remaining 840 AM 4x ENG 20 022019 eBook Print Item Beginning work in process Costs incurred Total costs to account for Costs accounted for: Transferred out Ending work in process Total costs accounted for Note: Cost reconciliation totals differ due to rounding error 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) the units are transferred to Finished Goods. a. b. C. Check My Work 3 more Check My Work uses remaining eBook Calculator Print Item Costs incurred Total costs to account for Costs accounted for: Transferred out Ending work in process Total costs accounted for Note: Cost reconciliation totals differ due to rounding error Prepare journal entries that show the flow of manufacturing costs for the Assembly Department. (a) Materials ar conversion costs are recorded, and (c) the units are transferred to Finished Goods. e added at the end of the process, (b) b. C. Previo Check My Work 3 more Check My Work uses remaining