Weighted Average Method, Journal Entries Molding Assembly Beginning inventories: Physical units 10,0008,000 Costs: Transferred in $45,300 Direct materials $22,000 Conversion costs $13,800$16,800 Current production: Units started 25,00030,000?35,000 Units transferred out Costs: Transferred in ? Direct materials $56,750$39,550 Conversion costs $103,500$140,150 Percentage of completion: Beginning inventory 40%50% Ending inventory 80 50 Required: 1. Using the weighted average method, prepare the following for the Molding Department: a. A physical flow schedule b. An equivalent units calculation c. Calculation of 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. When required, round your answers to the nearest dollar. (c) units are transferred to the Assembly Department. When required, round your answers to the nearest dollar. a. b. c. 3. Repeat Requirements 1 and 2 for the Assembly Department. a. A physical flow schedule: b. An equivalent units calculation 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. units are transferred to Finished Goods