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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 107,000 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 thad 107.000 units made up of the following Amount Degree of Completion $145, 52e 100% Prior department costs transferred in from the Holding Department Costs added by the Assembling Department Direct materials Direct labor Manufacturing overhead $96.380 36.169 7ex $151,481 $297,091 Work in process, April 1 During April, 507000 units were transferred in from the Molding Department at a cost of $689.520. The Assembling Department added the following costs Direct materials Direct labor Manufacturing overhead Total costs added $437,678 164,241 74,888 5676,719 Assembling finished 407.000 units and transferred them to the Packaging Department At April 30, 207000 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 30 Required: .. Prepare a production cost report using the weighted average method (Round "Cost per equivalent unto 2 decimal places) KANSAS SUPPLIES Assembling Department Production Cost Report Weighted Average Physical Units Total Costs Prior Department Labor Pow of Production Units Unt to be cured for Beginning WP inventory Unit e d this period Tonit to be counted for Units courted for Uitscored and red out From beginning inventory Started and competed currently Unitsin ending WP inventory Total units mounted for Costs to be accounted for Costs in beginning WP inventory Current period osts Total costs to be accounted for Cost per essent unit Prior department costs Material Manufacturing overhead Costcounted for Coutsassigned to transferred out Prior desto La Monturing overhead Total cost of armed out Cossigned to ending witory Manged Tanding W ory
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