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Current Attempt in Progress Building a kayak using the composite method is a very labor-intensive process. In the Fabrication Department, the kayaks go through several

Current Attempt in Progress

Building a kayak using the composite method is a very labor-intensive process. In the Fabrication Department, the kayaks go through several steps as employees carefully place layers of Kevlar in a mold 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 molds 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 materials 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 $8,210 in materials and $8,490 in conversion costs. During April, 71 boats were started into production. At the end of the month, the 35 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 $15,790 had been requisitioned by the Fabrication Department and that the conversion costs for the month were $43,170. 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 Fabrication Department Production Cost Report choose the accounting period April 30, 2022For the Year Ended April 30, 2022For the Month Ended April 30, 2022

Equivalent Units

Quantities

Physical Units

Materials

Conversion Costs

Total

Units to be accounted for

Work in process, April 1

enter a number of units

Started into production

enter a number of units

Total units

enter a total number of units

Units accounted for

Completed and transferred out

enter a number of units enter a number of units enter a number of units

Work in process, April 30

enter a number of units enter a number of units enter a number of units

Total units

enter a total number of units enter a total number of units enter a total number of units

Costs

Materials

Conversion Costs

Total

Unit costs

Total cost

$enter a dollar amount $enter a dollar amount $enter a total amount

Equivalent units

enter a number of units enter a number of units

Unit costs

$enter a dollar amount $enter a dollar amount $enter a total amount
Cost Reconciliation Schedule

Costs to be accounted for

Work in process, April 1

$enter a dollar amount

Started into production

enter a dollar amount

Total costs

$enter a total amount

Costs accounted for

Completed and transferred out

$enter a dollar amount

Work in process, April 30

Materials

$enter a dollar amount

Conversion costs

enter a dollar amount enter a subtotal of the two previous amounts

Total costs

$enter a total amount for this schedule

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