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cost accounting question 1 Kansas Supplies is a manufacturer of plastic parts that uses the weighted average process costing method to account for costs of

cost accounting question 1
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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 118,000 units made up of the following Degree of Completion 100% Amount Prior department costs transferred in fron the Molding Department $172, 460 Costs added by the Assembling Department Direct materials $106,200 Direct labor 51,496 Manufacturing overhead 26,400 $184, 102 Work in process, April 1 $352,562 100% YOX Sex During April, 518,000 units were transferred in from the Molding Department at a cost of $761.460. The Assembling Department added the following costs Direct materials Direct labor Manufacturing overhead Total costs added 1446.580 244,704 121, 14 $813,163 Assembling finished 418,000 units and transferred them to the Packaging Department At April 30 218,000 units were still in work in process inventory. The degree of completion of work in process inventory at April 30 was as follows Proy 1 of 25 !!! Next > Assembling finished 418,000 units and transferred them to the Packaging Department At April 30, 218,000 units were still in work in process inventory. The degree of completion of work in process inventory at April 30 was as follows Direct materials Direct labor Manufacturing overhead 90% Be 35 Required: 6. Prepare a production cost report using the weighted average method. (Round "Cost per equivalent unit" to 2 decimal places.) KANSAS SUPPLIES Assembling Department Production Cont Report-Weighted Average Physical Units Total Costs Prior Department Costs Materials Labor Manufacturing Overhead Flow of Production Units Units to be accounted for Boginning WIP inventory Units started this period Total units to be accounted for Units accounted for Units completed and transferred out From teginning inventory =cond external browser douchurl=https%253A%252F%252Fnewconnectmheducation.com%252Ff/activity/question group Seved 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 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

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