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Need this by 6 PM tonight PLEASE HELP! 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 below was compiled at the end of July: Beginning Inventories (on July 1):		Forging Department			Assembly Department
Physical units in production carried forward from June 30		5,000			4,000
Costs:
Transferred Forging costs carried forward from June 30				$	68,000
Direct materials costs carried forward from June 30	$	45,000			?
Conversion costs carried forward from June 30		16,000			3,000
Current Production (in July):
Units started during July		75,000			?
Units in ending inventories as of July 31		8,000			16,000
Costs:
Forging costs transferred to Assembly during July					?
Direct materials costs incurred in July	$	675,000		$	720,000
Conversion costs incurred in July		608,000			191,400
Percentage of Completion:
Inventories with respect to conversion on July 1		40	%		25	%
Inventories with respect to conversion on July 31		75			30
Complete the following requirements for the Forging Department: 1. 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.) Below are the options for the boxes on the left side of the graph and the right side is for the calculated number. Conversion cost Finished goods inventory Units in beginning inventory, July 1 Units in ending inventory, July 31 Units started in July ? ? ? Units in process during July ? ? ? Units transferred to assembly department in July ? ? ? Units started and completed in July ? Compute the equivalent units of direct materials and conversion for the Forging Department in July Equivalent Units Direct Materials ? Conversion ? Determine the cost per equivalent unit of input resource for the Forging Department during July Cost per equivalent unit Direct materials Conversion Prepare the summary journal entry required to transfer units from the Forging Department to the Assembly Department during July. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Compute the costs assigned to ending inventory in the Forging Department on July 31. Complete the following requirements for the Assembly Department: 1. 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.) This can be done in the same graph as up top. 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. Determine the cost per equivalent unit of input resource for the Assembly Department during July. Prepare the summary journal entry required to transfer units from the Assembly Department to Finished Goods Inventory during July. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Compute the costs assigned to ending inventory in the Assembly Department on July 31

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