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: Beginning inventories: Molding Assembly 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 7 Units transferred out 30,000 35,000 Costs: Transferred in Direct materials $56,400 $39,550 Conversion costs $106,900 $136,500 Percentage of completion: Beginning inventory Ending inventory 40% 50% 80 50 1. Using the weighted average method, prepare the following for the Molding Department: a. A physical flow schedule Molding Department, Physical flow schedule: Units to account for: Units, beginning work in process Units started in February Total units to account for 10,000 25,000) 35,000 Units accounted for: