Question

Weighted Average Method, Journal Entries Muskoge Company uses a process costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity and costs for February: Molding Assembly Beginning inventories: Physical units 10,000 8,000 $45,300 $22,000 $13,800 $20,450 25,000 ? 30,000 35,000 Costs: Transferred in Direct materials Conversion costs Current production: Units started Units transferred out Costs: Transferred in Direct materials Conversion costs Percentage of completion: Beginning inventory Ending inventory ? $56,400 $40,250 $106,900 $140,150 40% 50% 80 50
I have provided all the information needed for this problem with most of the questions already answered.

I need help on the last part

QUESTION 3 -- PART "D" and "E", and the journal entries at the end.

Answer 1

3D

Cost of ending work in process	$        23,890
Cost of Goods transferred out	$      395,962

3E

Costs to account for
Beginning Work in Process	$        65,750
Costs incurred	$      354,100
Total Costs to account for	$      419,850
Costs accounted for
Cost of ending work in process	$        23,890
Cost of Goods transferred out	$      395,962
Total Costs accounted for	$      419,852

Account Titles	Debit	Credit
Work in Process - Assembly	$          40,250
Materials Inventory		$          40,250
Work in Process - Assembly	$       140,150
Conversion Costs-Control		$       140,150
Finished Goods Inventory	$       395,962
Work in Process - Assembly		$       395,962

Working

	Physcial units	Transferred In	Material	Conversion
Work in Process Beginning	8000
Started during the period	30000
To account for	38000
Units transferred to finished goods	35000	35000	35000	35000
Work in Process Ending	3000	3000	0	1500
Accounted for	38000
Equivalent units		38000	35000	36500
	Transferred In	Material	Conversion	Total
Cost of Beginning Work in Process	$          45,300	$                  -	$         20,450	$          65,750
Cost added during the period	$       173,700	$          40,250	$       140,150	$        354,100
Total Cost	$       219,000	$          40,250	$       160,600	$        419,850
Equivalent units of Production	38000	35000	36500
Cost per equivalent unit	$         5.7632	$         1.1500	$         4.4000	$       11.3132
	Transferred In	Material	Conversion	Total
Ending work in Process Inventory
Equivalent units of Production	3000	0	1500
Cost per equivalent unit	$         5.7632	$         1.1500	$         4.4000
Cost of Ending work in Process Inventory	$         17,290	$                  -	$           6,600	$          23,890
Units Completed and transferred out
Units transferred to next department	35000	35000	35000
Cost per equivalent unit	$         5.7632	$         1.1500	$         4.4000
Cost of units transferred out	$       201,712	$         40,250	$       154,000	$       395,962
Total Costs accounted by				$       419,852

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