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 102,000 units made up of the following. Degree of Completion Amount $133,620 100% Prior department costs transferred in from the Molding Department Costs added by the Assembling Department Direct materials Direct labor Manufacturing overhead $ 76,500 31,264 23, 734 $131,498 $265, 118 100% 70% 50% Work in process, April 1 During April, 502,000 units were transferred in from the Molding Department at a cost of $657,620. The Assembling Department added the following costs. Direct materials Direct labor Manufacturing overhead Total costs added $361, 350 137,816 118, 076 $617,242 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 90% 80 35 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 Physical Units Total Costs Prior Department Costs Materials Labor Manufacturing Overhead 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 Physical Units Total Coats Prior Department Materiale Costs Labor Manufacturing Overhead 0 Flaw of Production Units Units to be accounted for 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 Unitsin ending WIP inventory Total units accounted for 0 Casts to be accounted for Costs in beginning WIP inventory Current period costs Total costs to be accounted for S 05 OS OS OS Cast per equivalent unit: Prior department costs Materials Labar Manufacturing overhead S 0 Casts accounted for: Costs assigned to units transferred out: Casts from beginning WIP inventory Current costs added to complete beginning WIP inventory: Prior department costs Materials Labor 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 Casts assigned to ending WIP inventory: Prior department costs Materials Labar Manufacturing overhead Total ending WIP inventory Total costs accounted for 0 S S 0 S S 0 0 S S 0 S OS
