CoursHeroTranscribedText: Kansas Supplies is a manufacturer of plastic parts that uses the weightedaverage process costing...
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CoursHeroTranscribedText: Kansas Supplies is a manufacturer of plastic parts that uses the weightedaverage process costing method to account for costs of production. It produces parts in three separate departments: Molding, Assembling, and Packaging. The following information was obtained for the Assembling Department for the month of April. Work in process on April 1 had 113.000 units made up ofthe following. Degree of Amount Calpletion Prior department costs transferred in from the Molding Department $159,455 100% Costs added by the Assembling Department Direct materials $101,?08 100% Direct labor 45, 581 70% Manufacturing overhead 24,192 50% $171,5?3 'nlork in processJ April 1 $332,333 During April, 513,000 units were transferred in from the Molding Department at a cost of $308,460. The Assembling Department added the following costs. Direct materials $442,530 Direct labor 216,849 Manufacturing overhead 158,173 Total costs added $339155? Assembling finished 413,000 units and transferred them to the Packaging Department. At April 30, 213,000 units were still in workinprocess inventory. The degree of completion of workinprocess inventory at April 30 was as follows. Direct materials 90% Direct labor 30 Manufacturing overhead 40 Required: a. Prepare a production cost report using the weightedaverage method. {Round "Cost per equivalent unit" to 2 decimal places.} Flow of Production Units Units to be accounted for: Beginning WIP inventory Units started this period Total units to be accounted for Units accounted for: Units completed and transferred out: From beginning inventory Started and completed currently Total transferred out Units in ending WIP inventory Total units accounted for Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit: Prior department costs Materials Labor Manufacturing overhead Costs accounted for: Costs assigned to units transferred out: Prior department costs Materials Labor Manufacturing overhead Total ending WIP inventory Total costs accounted for
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