Building a kayak using the composite method is a very labour-intensive process. In the fabrication department, the kayaks go through several steps as employees carefully place layers of Kevlar in a mould and then use resin to fuse together the layers. The excess resin is removed with a vacuum process, and the upper shell and lower shell are removed from the moulds and assembled. The seat, hatch, and other components are added in the finishing department. At the beginning of April, Current Designs had 32 kayaks in process in the fabrication department. Rick Thrune, the production manager, estimated that about 80% of the material costs had been added to these boats, which were about 50% complete with respect to the conversion costs. The cost of this inventory had been calculated to be $8,310 in materials and $8,270 in conversion costs. During April, 67 boats were started into production. At the end of the month, the 30 kayaks in the ending inventory were 20% complete as to materials and 40% complete as to conversion costs. A review of the accounting records for April showed that materials with a cost of $16,440 had been requisitioned by this department and that the conversion costs for the month were $38,710. Complete a production cost report for April 2022 for the fabrication department using the weighted-average method. Direct materials and conversion costs are incurred uniformly throughout the process.

CURRENT DESIGNS Production Cost Report: Fabrication Department Quantities Physical Units Total Equivalent Units Units to be accounted for Work in process inventory, April 1 Started into production Total units to be accounted for Units accounted for Completed and transferred out Total units accounted for Costs Unit costs Total cost Cost Reconciliation Schedule Costs to be accounted for Work in process inventory, April 1 Started into production Total costs to be accounted for Costs accounted for Completed and transferred out Work in process inventory, April 30 Direct materials Conversion costs Total costs accounted for