Question 1 Sonis Corporation is a manufacturer using process costing techniques. It manufactures a product that is produced in three separate departments: Molding, Assembly and Finishing. The Assembly department reported the following information for the month of June. Beginning WP Inventory Costs incurred during June 2,000 units transferred from $32,000 10,000 units transferred from Molding Dept. $ 160,000 Molding Dept. Direct Materials, 100% complete $ 20,000 Direct Materials $ 96,000 Direct Labour, 60% complete $ 7,200 Direct Labour $ 36,000 Manuf. Overhead, 50% complete $ 5,500 Manufacturing Overhead $ 18,000 Total $ 64,700 Total $ 310,000 Ending WIP Inventory: 4,000 units are still in process and are: 90% complete for direct materials; 70% complete for direct labour, and, 35% complete for manufacturing overhead. Other Information: During June, the Assembly Dept. completed and transferred out 8,000 units to the Finishing Dept. Required: Using the FIFO method for process costing, complete the following tables for the Assembly department. For full marks, please provide your supporting calculations. (Uso T-accounts of . a. Determine the flow of production for physical units.(2 marks) b. Determine the equivalent units of production. (2 marks) EU elements: MOH Transferred-In Number of Equivalent Units per Input: DM DL c. Calculate the cost/equivalent unit. (2 marks) EU elements: DM DL MOH Transferred In d. Determine the total costs to account for. (2 marks) DM DL Total Cost elements: MOH Transferred In Total costs to account for: e Calculate the total cost assignment. (4 marks) DM DL MOH Transferred In Total Cost elements: Total costs assigned to Ending WIP: Sot Total costs assigned to Units Completed in June