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Calendar Company produces calendars in a two-process, two-department operation. In the Printing Department, calendars are printed and cut. In the Assembly Department, the material received from Printing is assembled into individual calendars and then shrink-wrapped and packaged. Each department maintains its own Work in Process Inventory Account, and costs are assigned based on Process Costing. In Assembly, conversion costs are incurred evenly throughout the process; direct materials (shrink-wrapping and packaging) are added at the end of the process. For September, the following production and cost information is available for the Assembly Department: Beginning WIP Inventory: 5,000 calendars (40% complete as to conversion, 0% as to direct materials) Transferred-in cost from Printing, $7,500 Conversion cost added - Assembly, $1,200 Transferred in from Printing during September: 80,000 calendars Current period costs: Transferred in from Printing, $240,000 Direct material added in Assembly, $21,500 Conversion costs added in Assembly, $14,250 Ending WIP Inventory: 4,000 calendars (80% complete as to CC - Assembly, 0% as to DM - Assembly) Required: A. Prepare a Weighted Average Method Production Report for September (7) B. Complete the WIP Inventory T-Account based on your part A. solutions. Hint - Make sure your Transferred-Out Account is accurate and specific to this problem. (3) C. Prepare a FIFO (first-in, first-out) Method Production Report for September (7) D. Complete the WIP Inventory T-Account based on your part C. solutions. Hint - Make sure your Transferred-Out Account is accurate and specific to this problem. (3)

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