eBook Calculator Weighted Average Method, Physical Flow, Equivalent Units, Unit Costs, Cost Assignment, ABC Swasey Febrication, Inc., manufactures frames for bicycles. Each frame passes through three processes: Cutting. Welding, and Painting. In September, the Cutting Department of the Tulsa, Oklahoma, plant reported the following data: a. In Cutting, all direct materials are added at the beginning of the process. b. Beginning work in process consisted of 41,500 units, 20 percent complete with respect to direct labor and overhead. Costs in beginning inventory included direct materials $1,225,000; direct labor, $222,800; and applied overhead, $150,000 Activity Inspection Maintenance c. Costs added to production during the month were direct materials, $2,684,200; direct labor, $3,457,200. Overhead was assigned using the following information: Rate $150 per inspection hour $750 per maintenance hour $300 per receiving order Actual Driver Usage 4,000 inspection hours 1,600 maintenance hours 2,000 receiving orders d At the end of the month, 121,200 units were transferred out to welding, leaving 13,600 units in ending work in process, or 2S percent complete. Required: 1. Prepare a physical fiow schedule. Swasey Fabrication, Inc. Physical Flow Schedule Units to account for: Units, beginning work in process41,500 Units started (transferred in)V Total units to account for Units completed and transferred outv Units, ending work in process Total units accounted for Units accounted for