Weighted-average assignment of costs Total Production Costs Costs Transferred-in Direct Materials Conversion Costs Assignment of costs: Completed and transferred out $ 345,000 $ 225,000 $ 40,000 $ 80,000 49,000 45,000 Ending work in process 4,000 $ 394,000 $ Total costs to account for 270,000 $40,000 $ 84,000 Print Done Total costs to account for Total Production Costs Transferred-in Costs Direct Conversion Materials Costs Requirement 1. Summarize total stitching department costs for March, 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 balance, make sure to enter "0" in the appropriate cell.) Work in process, beginning Transferred-in during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Accounted for Equivalent units of work done in current period Equivalent Units Physical Transferred-in Direct Conversion Units Costs Materials Costs 50,000 70,000 120,000 50,000 50,000 24,000 50,000 50,000 50,000 50,000 20,000 20,000 5,000 120,000 70,000 100,000 Next, summarize the total costs to account for. (For amounts with a zero balance, make sure to enter "0" in the appropriate cell.) Total costs to account for 80,000 Total Transferred-in Production Costs Costs Direct Materials Conversion Costs