Required:

Please show all formulas or computations. Preferably in excel format.

a. Complete the following requirements for the Forging Department.

1. Prepare a schedule showing units started and completed in the Forging Department during July.

2. Compute the equivalent units of direct materials and conversion for the Forging Department in July.

3. Determine the cost per equivalent unit of input resource for the Forging Department during July.

4. Prepare the summary journal entry required to transfer units from the Forging Department to the Assembly Department during July.

5. Compute the costs assigned to ending inventory in the Forging Department on July 31.

b. Complete the following requirements for the Assembly Department.

1. Prepare a schedule showing units started and completed in the Assembly Department during July.

2. Compute the equivalent units of direct materials and conversion for the Assembly Department in July. Direct materials include both those transferred in from the Forging Department and those added by the Assembly Department.

3. Determine the cost per equivalent unit of input resource for the Assembly Department during July.

4. Prepare the summary journal entry required to transfer units from the Assembly Department to Finished Goods Inventory during July.

5. Compute the costs assigned to ending inventory in the Assembly Department on July 31.

x what is printscrx + th2021 SP-ARTS X Minbox 13) -ange x M Inbox -tannee Kim Kardashian Genztria value x Wison Dynamk * C Wison Dynamk X Wison Dynamic * Cse: Homework * Wison Dynamic G File C:/Users/Tawnee%20Kawski/OneDrive/Pictures/Saved%20Pictures/Wilson%20Dynamics%20Makes%20Flanges%2019-204%20Continuous 9:20Proc. 920_%20Chegg.com.html 98 * Not seeing Textbook Solutions Expert Q&A Study Pack Practice Beginning Inventories (on July 1): Post a question Answers from our experts for your tough homework questions Physical units in production carried forward from June 30 5,000 4,000 Costs: Enter question Transferred Forging costs carried forward from June 30 $ 68,000 Direct materials costs carried forward from June 30 $ ? 45,000 16,000 Conversion costs carried forward from June 30 3,000 Continue to post Current Production (in July): 20 questions remaining Units started during July 75,000 ? 8.000 16,000 Units in ending inventories as of July 31 Costs: : Snap a photo from your phone to post a question We'll send you a one-time download link Forging costs transferred to Assembly during July ? Direct materials costs incurred in July $ 675,000 $ 720,000 By providing your phonc number, you agree to rocche a one-time automated text message with a link to get the app Standard messaging rates may apply Conversion costs incurred in July 608,000 191,400 Percentage of Completion: Inventories with respect to conversion on July 1 40 % 25 % My Textbook Solutions Inventories with respect to conversion on July 31 75 30 Screenshot saved The screenshot was added to your OneDrive CneDrive Required: a Complete the following requirements for the Forning Denartment Type here to search 40 3:54 PM 2/01/2021 x what is printscrx + th2021 SP-ARTS X Minbox 13) -ange x M Inbox -tannee Kim Kardashian Genztria value x Wison Dynamk * C Wison Dynamk X Wison Dynamic * Cse: Homework * Wison Dynamic G File C:/Users/Tawnee%20Kawski/OneDrive/Pictures/Saved%20Pictures/Wilson%20Dynamics%20Makes%20Flanges%2019-204%20Continuous 9:20Proc. 920_%20Chegg.com.html 98 * Not seeing Textbook Solutions Expert Q&A Study Pack Practice Beginning Inventories (on July 1): Post a question Answers from our experts for your tough homework questions Physical units in production carried forward from June 30 5,000 4,000 Costs: Enter question Transferred Forging costs carried forward from June 30 $ 68,000 Direct materials costs carried forward from June 30 $ ? 45,000 16,000 Conversion costs carried forward from June 30 3,000 Continue to post Current Production (in July): 20 questions remaining Units started during July 75,000 ? 8.000 16,000 Units in ending inventories as of July 31 Costs: : Snap a photo from your phone to post a question We'll send you a one-time download link Forging costs transferred to Assembly during July ? Direct materials costs incurred in July $ 675,000 $ 720,000 By providing your phonc number, you agree to rocche a one-time automated text message with a link to get the app Standard messaging rates may apply Conversion costs incurred in July 608,000 191,400 Percentage of Completion: Inventories with respect to conversion on July 1 40 % 25 % My Textbook Solutions Inventories with respect to conversion on July 31 75 30 Screenshot saved The screenshot was added to your OneDrive CneDrive Required: a Complete the following requirements for the Forning Denartment Type here to search 40 3:54 PM 2/01/2021