Can someone please work this out and explain each step? thanks!

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 Costs: Transferred in $45,200 Direct materials $22,000 Conversion costs $13,800 $16,800 Current production Units started 25,000 ? Units transferred out 30,000 35,000 Costs: Transferred in ? Direct materials 556,250 $39,550 Conversion costs $103,500 $136,500 Percentage of completion Molding Assembly Beginning inventories: Physical units 10,000 8,000 Costs: Transferred in $45,200 Direct materials $22,000 Conversion costs $13,800 $16,800 Current production: Units started 25,000 ? Units transferred out 30,000 35,000 Costs: Transferred in Direct materials $56,250 $39,550 Conversion costs $103,500 $136,500 Percentage of completion: 40% 50% Beginning inventory Ending inventory BO 50 Required: 1. Using the weighted average method, prepare the following for the Molding Department Required: 1. Using the weighted average method, prepare the following for the Molding Department: a. A physical flow schedule 10,000 25,000 35,000 Molding Department, Physical flow schedule: Units to account for: Units beginning work in process Units started in February Total units to account for Units accounted for: Units completed and transferred out: Started and completed From beginning work in process Units, ending work in process Total units accounted for 20,000 10,000 5,000 35,000 b. An equivalent units calculation Total equivalent units Direct Materials 35,000 Conversion Costs 34,000 c. Calculation of unit costs. Round your intermediate computations and final answer to four decimal places 5.6857 per unit . An equivalent units calculation Total equivalent units Direct Materials 35,000 Conversion Costs 34,000 Calculation of unit costs. Round your intermediate computations and final answer to four decimal places 5.6857 per unit d. Calculate the cost of ending work in process and cost of goods transferred out. Round your answers to the nearest dollar, Cost of ending work in process: $ 24,979 Cost of goods transferred out: 170,571 e. A cost reconciliation. When required, round your answers to the nearest dolan Costs to account fort Beginning work in process 35,800 Costs incurred 159,750 195,550 Total costs to account for Costs accounted for: Transferred out 24,979 Ending work in process 170,571 Total costs accounted for 195,550 2. Prepare journal entries that show the flow of manufacturing costs for the Molding Department. (a) Materials are added at the beginning of the process, (b) conversion . Prepare journal entries that show the flow of manufacturing costs for the Molding Department. (a) Materials are added at the beginning of the process, (b) conversion osts are recorded, and (c) units are transferred to the Assembly Department. When required, round your answers to the nearest dollar. a. Work in Process-Molding 56,250 Materials Inventory 56,250 103,500 b. Work in Process-Molding Conversion Costs-Control 103,500 c. Work in Process Assembly 24,979 Work in Process Molding 24,979 3. Repeat Requirements 1 and 2 for the Assembly Department a. A physical flow schedule: 8.000 30,000 Assembly Department, Physical flow schedule: Units accounted for Units, beginning work in process Units started in February (transferred in) Total units to account for Units accounted for: Units completed and transferred out! Started and completed From beginning work in process 38.000 27,000 8.000 8,000 30,000 38,000 Assembly Department, Physical flow schedule: Units accounted for: Units, beginning work in process Units started in February (transferred in) Total units to account for Units accounted for: Units completed and transferred out: Started and completed From beginning work in process Units, ending work in process 27,000 8,000 3,000 Total units accounted for 38,000 b. An equivalent units calculation Total Equivalent Units Direct Materials 35,000 Conversion Costs Transferred In c. Calculate the total unit costs. Round your intermediate computations and final answer to four decimal places. per unit d. Calculate the cost of ending work in process and cost of goods transferred out. Round your answers to the nearest dollar, Cost of ending work in process: Cost of goods transferred out: $ b. An equivalent units calculation Total Equivalent Units Direct Materials 35,000 Conversion Costs Transferred In c. Calculate the total unit costs. Round your intermediate computations and final answer to four decimal places. per unit d. Calculate the cost of ending work in process and cost of goods transferred out. Round your answers to the nearest dollar Cost of ending work in process: Cost of goods transferred out: $ e. A cost reconciliation. If required, round your answers to the nearest dollar Costs to account for: Beginning work in process 62,000 Costs incurred Total costs to account for Costs accounted for: Transferred out Ending work in process 000 DE Total costs accounted for Note: Cost reconciliation totals differ by $1 due to rounding error e. A cost reconciliation. If required, round your answers to the nearest dollar Costs to account for: Beginning work in process 62,000 Costs incurred Total costs to account for Costs accounted for: Transferred out Ending work in process Total costs accounted for Note: Cost reconciliation total differ by $1 due to rounding error Prepare journal entries that show the flow of manufacturing costs for the Assembly Department. (a) Materials are added at the end of the process, (b) conversion costs are recorded, and (c) the units are transferred to finished Goods a. Work in Process Assembly 39,550 Materials Inventory 39.850 136.500 b. Work in Process-Assembly Conversion Costs Control 136.500 C. Finished Goods Work in Process Assembly