sum Section 3 (20 points) The Assembly Department uses a uning womanda weighted average on flow assumption. The department adds materiais beginning of the pro n ours conversion costs uniformly throughout the proc During w $100.000 of materials and $137,100 in conversion costs were charged to the department. The beginning work inventory was $93,000 on July 1. comprised of SBO,000 of materials costs and $13.000 GA conversion costs. Other data for the month of July are as follows: Beginning work in process inventory, 7/1 25,000 units (40% com ) Units completed and transferred out 70.000 units Ending work in process inventory, 7/31 30,000 units (30% comple) Instructions Answer the following questions and show computations to support your answers. 1. How many physical units have to be accounted for in July? 2. What are the equivalent units of production for materials and for conversion costs for the month of July? 3. What is the total cost assigned to the 70,000 units that were transferred out of the process in July? 4. What is the total cost of the July 31 inventory? 5 Section 2 (9 Points) Bark Manufacturing has three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $90,000, $162,500, and $28,000, respectively. The expected annual use in each department is 1,000 setups, 12,500 machine hours, and 875 inspections. Instructions Compute the overhead rate for each activity. Machine setups: Machining: Inspections