Skootcane Sports produces bascuting and itching Each one The following in the March 2020 options of the ching do cost category direct matts) and recogerych) This point focuses the thing department wewe Click to ona viw Solconation process conting noma cok konto view the coas sed do eiusmod Rua Bedient completing the footab see the physical degreed units forts with a zerbalmes, make sure the people can Equivalent Physical Tamilared D Com U Conts Wodprticom.tr 50.000 Taralartnigarpaal 70.000 To act Come and groot From beginning wat Sundhed CA Check Answer Help Me Solve This eText Pages Get More Help 1 SA 13 Pype o cach More Info : Un 5 After cutting, basketballs are immediately transferred to the stitching department. Direct material is added when the stitching process is 85% complete. Conversion costs are added evenly during stitching operations. After stitching is completed, basketballs are immediately transferred to Finished Goods. Skoolzone Sports uses the FIFO method of process costing. Print Done int add bhing de Data Table port bd avere to s 1 C D Physical Units Transferred In Direct Conversion basketballs) Costs Materials Costs 50,000 $ 60,000 $ 05 24,000 100% 0% 50% 70.000 2 Beginning work in process, March 1 Degree of completion, beginning work in 3 process 4 Transferred in during March 2020 5 Completed and transferred out during March 2020 6 Ending work in process, March 31 7 Degree of completion, ending work in process 8 Total costs added during March 100.000 20.000 0% CUTE 100% 210,000 $ 25% 60 000 40,000 $ Print Done ont pe Clear All ext Pages Get More Help 0 O scosung information.) (Click the icon to view the total costs assigned under the weight Read the requirements Weighted-average assignment of costs Total Transferred In Direct Conversion Production Costs Costs Materials Costs Assignment of costs Completed and transferred out $ 345,000 $ 225,000 $ 40,000 $ 80,000 Ending work in process 49,000 45,000 0 4,000 $ 394,000 $ 270,000 $ 40.000 $ 84.000 Total costs to account for Print Done Get More Help Clea A O 3 1980 Red tre reg nents - Requirements 1. Summarize total stitching department costs for March 2020 and assign these costs to units completed (and transferred out) and to units in ending work-in-process inventory. 2. Prepare journal entries for March transfers from the cutting department to the stitching department and from the stitching department to Finished Goods. 3. Explain any difference between the cost of work completed and transferred out and the cost of ending work in process in the stitching department under the weighted average method and the FIFO method Print Done C More Help 2 JOC O T 1 N 98