Data table Conversion Costs $192 Physical Units Direct (Frames) Materials Beginning work in process, (April 1) a 140 $3,190 Started during April 2017 505 Completed during April 2017 465 Ending work in process, (April 30) 180 Total costs added during April 2017 $16,160 Degree of completion: direct materials, 100%; conversion costs, 40%. Degree of completion: direct materials, 100%; conversion costs, 15%. $9,156 , b Print Done Requirements 1. Summarize total assembly department costs for April 2017, and assign them to units completed (and transferred out) and to units in ending work in process. 2. Explain any difference between the cost of work completed and transferred out and the cost of ending work in process in the assembly department under the weighted average method and the FIFO method. Should Mundy's managers choose the weighted average method or the FIFO method? Explain briefly. Mundy Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem focuses on the assembly department. The process-costing system at Mundy has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process. Mundy uses the FIFO method of process costing. Consider the following data for the assembly department in April 2017: (Click the icon to view the data.) (Click the icon to view the total costs assigned under the weighted-average method.) Read the requirements Requirement 1. Summarize total assembly department costs for April 2017, and assign total costs to units completed (and transferred out) and to units ending work in process. Begin by calculating the physical units and equivalent units. (For amounts with a 0 balance, make sure to enter "O" in the appropriate cell.) Physical Units (tons) Equivalent Units Direct Conversion Materials Costs Work in process, beginning 140 505 Transferred-in during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed 140 LDL Work in process, ending 180 Accounted for 11