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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
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 111,000 units made up of the following.
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 111,000 units made up of the following. Degree of Completion Anount $155,480 18805 Prior department costs transferred in from the Molding Department Costs added by the Assembling Department Direct materials Direct labor Manufacturing overhead $ 99,900 45,887 25,026 $169,933 $325, 333 1986 786 5806 Work in process, April 1 During April, 511,000 units were transferred in from the Molding Department at a cost of $715.400. The Assembling Department added the following costs. Direct materials Direct labor Manufacturing overhead Total costs added $440,910 215.993 1 17,264 $774,277 Assembling finished 411.000 units and transferred them to the Packaging Department. At April 30, 211,000 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 88 38 Required: a. Prepare a production cost report using FIFO. (Round "Cost per equivalent unit" to 2 decimal places.) Production Cost Report_FIFO Predical Unite Tubes Carte Department Materiale Laber Manufacturine Beginning wi try 51100 Units come and transformed out From beginning inventory Started and completed current Units in ording WP invertory Total units an d for 200.000 211.000 522.000 Con to be accounted for Costs in beginning WP inventory Current period osts Total cost to be to Cost per quantunt Prior department costs Materiais Marutacuring overhead scored for Costs assigned to units transferred out Cost from beginning WP inventory Current costs added to complete beginning WP inventory Prior apartment costs Manufacturing overhead To r om beginning inventory Current content started and compted Priormentos Mars IIIIIIIIIIIIIIIIIIIII Manufacturing overhead Total cost of its started and completed Donadonding W etan Montering a ndStep by Step Solution
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