Question 5 Plaid Clad manufactures golf bags in a two department process: Assembly and Finishing. The Assembly Department uses weighted average costing, the percentage completion of overhead in this department is unrelated to direct labour. The Finishing Department adds hardware to the assembled bags and uses FIFO costing, overhead is applied in this department on a direct labour basis. For June, the following production data and costs were gathered Assembly Department: Units Beginning WIP inventory (100% complete for DM, 40% complete for DL 250 and 30% complete for OH) Units started 8 800 Ending WIP inventory (100% complete for DM; 70% complete for DL and 400 90% complete for OH) Assembly Department: Costs DM DL O H Total | Beginning WIP inventory 3755690 2504695 Current period 100 32063 606 27 681 191 607 Total costs 104 075 64 296 27 931 196 302 100 Finishing Department: Units Beginning WIP inventory (100% complete for transferred in; 15% complete for DM and 40% complete for Conversion) Units transferred in Ending WIP inventory (100% complete for transferred in 30% complete for DM and 65% complete for Conversion) | Finishing Department: Costs Transferred DM Conversion 8 650 200 Total in Beginning WIP inventory Current period Total costs 188 570 190 746 15 471 15 501 2 301 21 600 225 641 21 695 227 942 Required: 5.1 5.2 Prepare a Production Report for the Assembly Department. Prepare a Production Report for the Finishing Department