Requirement 1. Summarize total assembly department costs for April 2017,and assign total costs to units completed (and transferred out) and to units in ending work in process.

Assign total costs to units completed (and transferred out) and to units in ending work in process. Begin by calculating the total from beginning inventory, then calculate the total costs accounted for

Mundy Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem focuses on the assembly department. The process-costing system at Mundy has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process. Mundy uses the FIFO method of process costing. Consider the following data for the assembly department in April 2017: Conversion Costs $1,239 90 Physical Units Direct (Frames) Materials Beginning work in process, (April 1) $2,110 Started during April 2017 520 Completed during April 2017 470 Ending work in process, (April 30) 140 Total costs added during April 2017 $19,240 Degree of completion direct materials, 100%; conversion costs, 40%. Degree of completion direct materials, 100%, conversion costs, 35%. $9,660 Completed and transferred out Total Direct Conversion Production Costs Materials Costs $ 26,320 $ 16,450 $ 9,870 5,929 4,900 1,029 32,249 $ 21,350 $ 10,899 Work in process, ending Total costs accounted for IHY JILUI UTILJ VILL TUIRTLI JIVI (tons) Materials Costs 90 Work in process, beginning Transferred-in during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Accounted for Equivalent units of work done in current period Now summarize the total costs to account for. Total Direct Conversion Costs Production Costs Materials Work in process, beginning Costs incurred to date Total costs to account for Next calculate cost per equivalent unit for direct materials and conversion costs. Direct Materials Conversion Costs Costs incurred to date Divide by Equivalent units of work done in current period Cost per equivalent unit Total Production Costs Direct Materials Conversion Costs Completed and transferred out: Work in process, beginning Costs added to beginning WIP in current period Total from beginning inventory Started and completed Total costs of units completed and transferred out Work in process, ending Total costs accounted for Begin by completing the table below that summarizes the costs assigned to units completed and those still in process under the weighted average and FIFO process-costing methods. Weighted average FIFO Difference Cost of units completed and transferred out Work in process, ending Total costs accounted for