Weighted-average assignment of costs

	Total	Transferred-in	Direct	Conversion
	Production Costs	Costs	Materials	Costs
Assignment of costs:
Completed and transferred out	$345,000	$225,000	$40,000	$80,000
Ending work in process	49,000	45,000	0	4,000
Total costs to account for	$394,000	$270,000	$40,000	$84,000

Stitching department summary

	A	B	C	D	E
1		Physical Units (basketballs)	Transferred-in Costs	Direct Materials	Conversion Costs
2	Beginning work in process	50,000	$60,000	$0	$24,000
3	Degree of completion, beginning work in process		100%	0%	50%
4	Transferred in during March	70,000
5	Completed and transferred out during March	100,000
6	Ending work in process, March 31	20,000
7	Degree of completion, ending work in process		100%	0%	25%
8	Total costs added during March		$210,000	$40,000	$60,000

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.
2.	Prepare journal entries for March transfers from the cutting department to the stitching department and from the stitching department to Finished Goods.
3.	Explain any difference between the cost of work completed and transferred out and the cost of ending work in process in the stitching department under the weighted-average method and the FIFO method.

Super 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 stitching department. (Click the icon to view Super Sports' process costing information.) A summary of the March operations of the stitching department is provided in the accompanying table. (Click the icon to view the stitching department summary.) (Click the icon to view the total costs assigned under the weighted-average method. Process costing information Basketballs that have undergone the cutting process are immediately transferred to the stitching department. Direct material is added when the stitching process is Begin by completing the following table to summarize the physical and equivalent units. 85% complete. Conversion costs are added evenly during stitching operations. When those operations are done, the basketballs are immediately transferred to c. Finished Goods. Super Sports uses the FIFO method of process costing