XYZ, Inc. has two departments, Fabrication and Assembly. Assembly department began the current period with 3,000 units in work-in-process. These units were 65% complete. 8,000 units were transferred from the Fabrication department. Costs attached to beginning work-in-process included $12,000 incurred in Fabrication plus $6,000 for materials, $9,000 for labor, and $10,000 for overhead in Assembly. Materials are added at the beginning of the process, labor is added when the units are 30% complete and overhead is incurred uniformly. Units are inspected at 50% stage of completion. Rejected units are returned to the 20% stage of completion for rework. Normal rework is 2% of units surviving inspection. Units are inspected again when they are 70% complete. Rejected units are thrown away. Normal spoilage is considered to be 2% of the units inspected. There were 8,400 units inspected for rework and 300 units were rejected for spoilage. Spoiled units are sold for one dollar each. Ending work-in-process consists of 1,800 units, 60% complete. Current costs incurred were $42,720 from Fabrication plus $16,800 for materials, $25,200 for labor, and $41,550 for overhead in Assembly. Required: a. Using average process costing, determine cost of goods completed, cost of ending work-in- process, loss from abnormal spoilage, and loss from abnormal rework in the Assembly department. Note: Use numerical fractions, such as 1/3, 4/5, etc., (not decimal) for allocations, if any. b. Prepare the appropriate journal entries for the Assembly department accounting for the transactions emanating from the cost of production report at the end of the period.