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 114,000 units made up of the following: Degree of Completion 100% Amount Prior department costs transferred in from the Molding Department $ 163,020 Costs added by the Assembling Department Direct materials $ 108,300 Direct labor 40,688 Manufacturing overhead 28,374 $ 177,362 Work in process, April 1 $340,382 100% 60% 50% During April, 514,000 units were transferred in from the Molding Department at a cost of $735,020. The Assembling Department added the following costs: Direct materials Direct labor Manufacturing overhead Total costs added $ 467,970 213,022 138,996 $819,988 Assembling finished 414,000 units and transferred them to the Packaging Department. At April 30, 214,000 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% 70 30 Required: a. Prepare a production cost report using FIFO. (Round "Cost per equivalent unit" to 2 decimal places.) KANSAS SUPPLIES Assembling Department Production Cost Report-FIFO COMPUTE EQUIVALENT UNITS Flow of Production Units Physical Units Prior Department Costs Materials Labor Manufacturingov Units to be accounted for: 0 Beginning WIP inventory Units started this period Total units to be accounted for Units accounted for: Units completed and transferred out: From beginning inventory Started and completed currently Units in ending WIP inventory Total units accounted for 0 0 0 0 0 Costs DETAILS Prior Total Costs Department Costs Materials Labor Manufacturing Overhead Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted $ 0 $ 0 $ 0 $ 0 $ 0 Cost per equivalent unit: Prior department costs Materials Labor Manufacturing overhead DETAILS Total Costs Prior Department Costs Materials Labor Manufacturing Overhead Costs accounted for: Costs assigned to units transferred out: Costs from beginning WIP inventory Current costs added to complete beginning WIP inventory: Prior department costs Materials Labor $ 0 Manufacturing overhead Total costs from beginning inventory Current costs of units started and completed: Prior department costs Materials Labor Manufacturing overhead Total costs of units started and completed Total costs of units transferred out Costs assigned to ending WIP inventory: Prior department costs Materials Labor $ 0 $ 0 Manufacturing overhead Total ending WIP inventory Total costs accounted for $ $ 0 0 $ $ 0 $ 0 $ 0
