Wilson Dynamics makes flanges in a continuous process through two departments: Forging and Assembly. All direct materials are added at the beginning of the process in the Forging Department, whereas all direct materials are added at the end of the process in the Assembly Department Conversion costs are incurred uniformly over time in both departments. As units are completed in the Forging Department, they are transferred to the Assembly Department. The costs associated with the transferred units are included in the computation of the Assembly Department's total costs. The information presented as follows was compiled at the end of July Forging Assembly Department Department Beginning Inventories (on July 1): Physical units in production carried forward from June 30 Costs: 5,000 4,000 $ 68,090 3,000 16,000 Transferred Forging costs carried forward from June 30 Direct materials costs carried forward from 3une 38 Conversion costs carried forward from June 38 $ 45,009 16,000 Current Production (in July) Units started during uly Units in ending inventories as of July 31 Costs: 75,000 8,000 Forging costs transferned to Assembly during July Direct materials costs incurred in July Conversion costs incurred in July 675,000 608,000 720,000 191,400 Percentage of Conpletion Inventories with respect to conversion on July Inventories with respect to conversion on uly 31 40% 75 25% 30 Required: a. Complete the following requirements for the Forging Department. 1. Prepare a schedule showing units started and completed in the Forging Department during July 2. Compute the equivalent units of direct materials and conversion for the Forging Department in July 3. Determine the cost per equivalent unit of input resource for the Forging Department during July. 4. Prepare the summary journal entry required to transfer units from the Forging Department to the Assembly Department during July 5. Compute the costs assigned to ending inventory in the Forging Department on July 31. b. Complete the following requirements for the Assembly Department 1. Prepare a schedule showing units started and completed in the Assembly Department during July 2. Compute the equivalent units of direct materials and conversion for the Assembly Department in July. Direct materials include both those transferred in from the Forging Department and those added by the Assembly Department 3. Determine the cost per equivalent unit of input resource for the Assembly Department during July 4. Prepare the summary journal entry required to transfer units from the Assembly Department to Finished Goods Inventory during July 5. Compute the costs assigned to ending inventory in the Assembly Department on July 31 Complete this question by entering your answers in the tabs below Req A Req A2 Req A3 Req A4 Req AS Req B1 Req 82 Req B3 Req B4 Req B5 Prepare a schedule showing units started and completed in the Forging Department during July. (Amounts to be deducted should be indicated with a minus sign.) Flow of physical units: Forging Department Units in process during July Units transferred to Assembly Department in July Units started and completed in July A1 Req A2 > Req A Req A2 Req A3 Reg4Reg Req B1 Req B2 Req 83 Req B4 Compute the equivalent units of direct materials and conversion for the Forging Department in July. Equivalent Units Direct materials Conversion Req A1 Req A3 > Complete this question by entering your answers in the tabs below. Req A1Req A2 Req A3 Req A4 Determine the cost per equivalent unit of input resource for the Forging Department during July. Cost per Equivalent Unit Direct materials Conversion es K Req A2 Req A4 > Req A Req A2 Req A3 Req A4 Rq AS Req B1 Req 82 Req B3 Req B4 R Compute the costs assigned to ending inventory in the Forging Department on July 31. ces Req A4 Req B1 > Prepare a schedule showing units started and completed in the Assembly Department during July. (Amounts to be deducted should be indicated with a minus sign.) Flow of physical units: Assembly Department Units in process during July Units transferred to finished goods in July 0 Units started and completed in July K Req A5 Req B2 > Req A Reg A2 Reg A3 Rq 4 Req AS Rq B Req 82 3 Reg B4 Compute the equivalent units of direct materials and conversion for the Assembly Department in July. Direct mate both those transferred in from the Forging Department and those added by, the Assembl y Department Units Forging materials Direct materials K Req B1 Req B3> Req A Req A2 Req A3 Req4qSReq BReq B2Req 83Req B4 Req BS Determine the cost per equivalent unit of input resource for the Assembly Department during July. (Round your answers to the nearest whole dollar.) Cost per Equivalent Unit Forging materials Direct materials Conversion Req B2 Req B4 ) Record the transfer of units to the Finished Goods Inventory in July. Note: Enter debits before credits. General Journal Debit Credit Record entry Clear entry View general journal 5. Compute the costs assigned to ending inventory in the Assembly Department on July 3f Complete this question by entering your answers in the tabs below. Req A2 Req A3 Req A4Req AS Req B1 Req 82 Req B3 Req B4 Req B5 Compute the costs assigned to ending inventory in the Assembly Department on July 31 Req B4