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 kad 102.000 units made up of the following count Degree of Completion 513120 10 Prier department cost transferred in from the Molding Department Cossed by the Assembling Departent Direct aterials Otrectator Manufacturing overhead $ 38,500 31,264 23:54 3131, 49 $265.4118 1x 20 ser Work in process, April 1 During April, 502.000 units were transferred in from the Molding Department at a cost of $657620. The Assembling Department added the following costs Direct materials Direct labor Harviacturing overhead Total costs added 3363, ase 127 816 118.276 5617,242 Assembling finished 402.000 units and transferred them to the Packaging Department At April 30, 202.000 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 sen we 35 Required: e. Prepare a production cost report using FIFO. (Round "Cost per equlvalent unit to 2 decimal places.) KANSAS SUPPLIES Asing Department Prachin Cod Report FFO Pine Physical Units Tertal Cent Depart Materials La Manut Furadunen tu d li ti. a. Prepare a production cost report using FIFO. (Round "Cost per equlvalent unit" to 2 decimal places.) KANSAS SUPPLIES Assembling Department Production Cost Report-FIFO Prior Physical Units Tetaf Costs Department Materials Costs Labor Manufact Overhed Flow of Production Units Units to be accounted for Beginning WIP inventory Units started this period Total units to be accounted for Units secounted for Units completed and transferred out From beginning inventory Started and completed currently Unitsin ending WP inventory Total units accounted for Costs to be accounted for Costs in beginning WIP inventory Current period osts Total costs to be accounted for Cost per equivalent unit Prior department costs Materials Labor Manufacturing overhead Costas accounted for Costs assigned to unite transferred out Cost from beginning WP inventory Current colded to come beginning WIP inventory Prior departments Mattias Labor Manufacturing overhead Total costs from beginning inventory Current costs of its started and completed Prior departments Warung med Total costs of unita started and com Tout of wanted out Costs and tendino Per Protect Materials 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 kad 102.000 units made up of the following count Degree of Completion 513120 10 Prier department cost transferred in from the Molding Department Cossed by the Assembling Departent Direct aterials Otrectator Manufacturing overhead $ 38,500 31,264 23:54 3131, 49 $265.4118 1x 20 ser Work in process, April 1 During April, 502.000 units were transferred in from the Molding Department at a cost of $657620. The Assembling Department added the following costs Direct materials Direct labor Harviacturing overhead Total costs added 3363, ase 127 816 118.276 5617,242 Assembling finished 402.000 units and transferred them to the Packaging Department At April 30, 202.000 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 sen we 35 Required: e. Prepare a production cost report using FIFO. (Round "Cost per equlvalent unit to 2 decimal places.) KANSAS SUPPLIES Asing Department Prachin Cod Report FFO Pine Physical Units Tertal Cent Depart Materials La Manut Furadunen tu d li ti. a. Prepare a production cost report using FIFO. (Round "Cost per equlvalent unit" to 2 decimal places.) KANSAS SUPPLIES Assembling Department Production Cost Report-FIFO Prior Physical Units Tetaf Costs Department Materials Costs Labor Manufact Overhed Flow of Production Units Units to be accounted for Beginning WIP inventory Units started this period Total units to be accounted for Units secounted for Units completed and transferred out From beginning inventory Started and completed currently Unitsin ending WP inventory Total units accounted for Costs to be accounted for Costs in beginning WIP inventory Current period osts Total costs to be accounted for Cost per equivalent unit Prior department costs Materials Labor Manufacturing overhead Costas accounted for Costs assigned to unite transferred out Cost from beginning WP inventory Current colded to come beginning WIP inventory Prior departments Mattias Labor Manufacturing overhead Total costs from beginning inventory Current costs of its started and completed Prior departments Warung med Total costs of unita started and com Tout of wanted out Costs and tendino Per Protect Materials
