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 Cuttino, all direct materials are added at the beginning of the process b. Beginning work in process consisted of 41,500 units, 20 percent complete with respect to direct labor and overhead. Costs in beginning inventory included direct materials. $1,205,000; direct labor, 5222,800; and applied overhead, $150,000 Costs added to production during the month were direct materials, $2,434,600; direct labor, $3,457,200, Overhead was assigned using the following information: Activity Rate Actual Driver Usage Inspection $150 per Inspection hout 4,000 inspection hours Maintenance $750 per maintenance hour 1,600 maintenance hours Receiving $300 Der receiving order 2,000 recelving orders 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 schedulo I Swasey Fabrication, Inc. Physical Flow Schedule Units to account for Units, beginning work in process - Units started transferred in 41.500 93.300 Previous Check My Work 3:53 PM Required: 1. Prepare a physical flow schedule Swasey Fabrication, Inc. Physical Flow Schedule Units to account for: Unit beginning work in process Units started transferred in 41.500 93,300 Total units to account for 134.300 Units accounted for Units completed and transferred out 121,200 Units ending work in process 13,600 134,800 Total units accounted for Feedback Check My Work 1. The physical flow schedule traces the units in process regardless of their stage of completion and provides the information needed for preparing the equivalent units schedule. 2. Calculate equivalent units of production for direct materials and conversion costs. Equivalent Units Direct Materials 134,800 Conversion Costs 124,600 3. Compute unit cost under weighted average. Unit direct materials cost 27 Unit conversion costs Total unit cost 4. Calculate the cost of goods transferred to Welding at the end of the month. Calculate the cost of ending inventory Cost of goods transferred out Ending WIP I Fod Check My Work Partially correct 5. Prepare the journal entry that transfers the goods from Cutting to Welding Cost of goods transferred out Ending WIP Feedback V.Cho My Work Partially correct 5. Prepare the journal entry that transfers the goods from Cutting to Welding Work in Process Welding Work in Process Cutting Feedback Check My Wor Partially correct 27 Feed Check My Work Partially correct