Weighted Average Method, Physical Flow, Equivalent Units, Unit Costs, Cost Assignment, ABC Swasey Fabrication, Inc., manufactures frames for bicycles. Each frame passes through three processes: Cutting, Welding, and Painting. In September, the Cutting Department of the Tulsa, Oklahoma, plant reported the following data: a. In Cutting, all direct materials are added at the beginning of the process. b. Beginning work in process consisted of 41,000 units, 20 percent complete with respect to direct labor and overhead. Costs in beginning inventory included direct materials, $1,225,000; direct labor, $222,800; and applied overhead, $150,000. c. Costs added to production during the month were direct materials, $2,684,200; direct labor, $3,457,200. Overhead was assigned using the following information: Activity Inspection Maintenance Rate Actual Driver Usage $150 per inspection hour 4,000 inspection hours $750 per maintenance hour 1,600 maintenance hours 2,000 receiving orders Receiving $300 per receiving order d. At the end of the month, 121,200 units were transferred out to Welding, leaving 13,600 units in ending work in process, or 25 percent complete. Required: 1. Prepare a physical flow schedule. Swasey Fabrication, Inc. Physical Flow Schedule Units to account for: Units, beginning work in process Units started (transferred in) Total units to account for Units accounted for: Units completed and transferred out Units, ending work in process Total units accounted for 41,000