Spelling Sports, which produces basketballs, has two departments cutting and stitching. Each department has one direct-cost category (direct materials) and one indirect-cost category (conversion costs). This problem focuses on the sitching department Basketballs that have undergone the cutting process are immediately transferred to the stitching department Direct material is added when the stitching process is 70% complete Conversion costs are added evenly during stitching operations. When those operations are done, the basketballs are immediately transferred to Finished Goods Spelling Sports uses the weighted-average method of process costing. The following is a summary of the March 2017 operations of the stitching department (Click the icon to view the information) Data Table and to units in ending work in process ter o in the appropriate coll) 1 Physical Units (basketballs) 17.500 Transferred in Costs 45.300 D Direct Conversion Materials Costa ols 17.600 0% 60% 100% 2 Beginning work in process 3 Degree of completion, beginning work in process 4 Transferred in during March 2017 5 Completed and transferred out during March 2017 6 Ending work in process, March 31 7 Degree of completion, ending work in process 8 Total costs added during March 56,000 52.000 21.500 100% OS 20% 89.310 S 154,560 S 28.080S Requirement 1. Summarize total binding department costs for April 2017, and assign these costs to units completed (and transferred out) and to units in ending work in process Begin by completing the following table to summarize the physical and equivalent units. (For amounts with a zero tance, make sure to enter "o" in the appropriate cell) Equivalent Units Physical Units Transferred In Direct Conversion (books) Costs Materials Costs Beginning work in process 17,500 Transferred in during March 56,000 To account for Completed and transferred out during March 52,000 21,500 Ending work in process Accounted for Equivalent units of work done to date Choose from any list or enter any number in the input fields and then continue to the next question Summarize total costs to account for, and calculate the cost per equivalent unit for transferred-in costs, direct matals, and conversion costs. Begin by summarizing the total costs to account for. (For amounts with a zero balance, make sure to enter in the appropriate coll) Total Transferred in Direct Conversion Production Costs Costs Materials Costs Total costs to account for Calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. (Round your swers to the nearest cant) Transferred-in Direct Conversion Costs Materials Costs Divide by Cost per equivalent unit Assign total costs to units completed (and transferred out) and to units in ending work in process. (For amounts with a zero balance, make sure to enter "o" in the appropriate col.) Total Transferred in Direct Conversion Production Costs Costs Materials Costs Assignment of costs Completed and transferred out Ending work in process Requirement 2. Prepare journal entries for March transfers from the cutting department to the stitching departmenand from the sitching department to Finished Goods (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by recording the transfer from the cutting department to the stitching department Journal Entry Date Accounts Debit Credit Now record the transfer from the stitching department to Finished Goods Journal Entry Data Accounts Debit 11 Credit 11 Choose from any list or enter any number in the input fields and then continue to the next