4 Problem 8-53 (Algo) Prepare a Production Cost Report: Weighted Average Method (LO 8-3, 4) Kansas Supplies is a manufacturer of plastic parts that uses the weighted average 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 112,000 units made up of the following: Degree of Completion Amount -Book $157,920 100% Prior department costs transferred in fron the Molding Department Costs added by the Assembling Department Direct materials Direct labor Manufacturing overhead erences $ 89,600 36,744 28,416 $154,760 $312,680 100% 60% 50% Work in process, April 1 During April, 512,000 units were transferred in from the Molding Department at a cost of $721920. The Assembling Department added the following costs Direct materials Direct labor Manufacturing overhead Total costs added $375, 680 187,416 145,464 $708,560 Assembling finished 412,000 units and transferred them to the Packaging Department. mapter 8 Homework 4 Assembling finished 412,000 units and transferred them to the Packaging Department. At April 30, 212,000 units were still in work in process inventory. The degree of completion of work-in-process inventory at April 30 was as follows. ts Direct materials Direct labor Manufacturing overhead BOX 20 40 Book Required: a. Prepare a production cost report using the weighted average method. (Round "Cost per equivalent unit" to 2 decimal places.) rences KANSAS SUPPLIES Assembling Department Production Cost Report-Weighted Average Prior Department Physical Units Total Costs Costs Materials Labor Manufacturing Overhead Flow of Production Units Units to be accounted for Beginning WIP inventory Units started this period Total units to be accounted for 0 Units 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 0 0 0 0 0 0 Costs to be accounted for Costs in beginning WIP inventory Current period costs Total costs to be accounted for s OS OS OS 0 $ 0 Cost per equivalent unit Prior department costs Materials Labor Manufacturing overhoad Costs accounted for Costs assigned to units transferred out Prior department costs Materials Labor 4 VRH Prior department costs Materials Lator Manufacturing overhead 2 points Stipped cBook Part References $ o Costs accounted for Costs assigned to units transferred out Prior department costs Materials Labor Manufacturing overhead Total costs of units transferred out Costs assigned to ending WIP inventory Prior department costs Materials Labor Manufacturing overhead Total ending WIP inventory Total costs accounted for $ 0 $ 0$ 0 $ OS OS