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Chapter 6 Process Costing Assume that Stillwater Designs uses the weighted average method to cost...

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Accounting

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Chapter 6 Process Costing Assume that Stillwater Designs uses the weighted average method to cost out the audio package. The following are cost and production data for the assembly process for April: Production: Units in process, April 1, 60% complete Units completed and transferred out Units in process, April 30, 20% complete 60,000 150,000 30,000 Costs: WIP, April 1 : Cabinets Kicker components Conversion costs $1,200,000 12,600,000 5,400,000 Costs added during April: Cabinets Kicker components Conversion costs 2,400,000 25,200,000 8,640,000 Required: 1. Prepare a physical low analysis for the assembly department for the month of April. 2. Calculate equivalent units of production for the assembly department for the month of April. 3. Calculate unit cost for the assembly department for the month of April. 4. Calculate the cost of units transferred out and the cost of EWIP inventory. 5. Prepare a cost reconciliation for the assembly department for the month of April

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