+ Toy Kingdom, showed the following data on toy production for February: Inventory Costing Method Beg. Inventory: Units Prior Department Materials Costs Conversion Costs MOLDING (Weighted Ave) ASSEMBLY PACKAGING FIFO FIFO 500 150 25,000 10,500 19,590 3,750 2,250 Started or Transferred in: Units 500 ? 300 February Costs: Prior Department ? ? Materials 50,000 4,876 24,075 Conversion Costs 76,600 11,660 29,775 Completed & Transferred Units ? ? Ending Inventory in Units 200 300 50 Inspection Point None None 40% 100% 50 units % Normal Lost 5% Beginning and ending work in process for the three departments showed the following degree of completion: Materials Application Degree of Completion: MOLDING End of the Process ASSEMBLY 100% application after 80% stage of completion PACKAGING Materials Application: 20% beg. of the process, add 20% upon 60% completion and the balance at the end of the process. Work in process- Beg.20% completion Beg. Work in Process, Conversion Costs 30% Work in Process - End Ending Work in Process, Conversion Costs 20% 50% 60% completion. Prepare Departmental Cost of Production Report, showing the quantity schedule & equivalent production in units, Computation of Unit Costs, Reconciliation of Cost.