Required:

a) How much production costs are assigned to completed units from casting department in Feb?

b) How much production costs are assigned to ending work in process of the casting department?

[Self-check answers: $41,432.89; $13,767.11]

Santa Co. produces Christmas star ornaments. The accounting department of Santa Co. uses process costing to assign production costs to the star ornaments, and uses weighted-average method to account for inventory flow. The star ornaments pass through several different production departments, including moulding, casting and painting. In the casting department on Feb 1, there were 1,000 units in beginning work in process. During the month, an additional 9,000 units were added into production. 7,000 units were completed and transferred out to the next department by the end of Feb. The units in ending work in process were 90% complete with respect to direct materials and 40% complete with respect to conversion costs. Cost information that passed through the casting department in Feb is listed below: Cost Information: Direct Materials, beginning WIP Feb 1 $8,000 Direct Materials, transferred in $12,000 Direct Materials, added in Feb $18,800 Conversion Costs, beginning WIP Feb $5,000 1 Conversion Costs, transferred in $2,000 Conversion Costs, added in Feb $9,400 How much production costs are assigned to completed units from casting department in Feb? How much production costs are assigned to ending work in process of the casting department