Question
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 104,000 units made up of the following.
AmountDegree of CompletionPrior department costs transferred in from the Molding Department$138,320100%Costs added by the Assembling DepartmentDirect materials$88,400100%Direct labor31,52860%Manufacturing overhead21,26450%$141,192Work in process, April 1$279,512
During April, 504,000 units were transferred in from the Molding Department at a cost of $670,320. The Assembling Department added the following costs.
Direct materials$393,720Direct labor159,852Manufacturing overhead95,036Total costs added$648,608
Assembling finished 404,000 units and transferred them to the Packaging Department.
At April 30, 204,000 units were still in work-in-process inventory. The degree of completion of work-in-process inventory at April 30 was as follows.
Direct materials80%
Direct labor70
Manufacturing overhead30
a.Prepare production cost report using the weighted-average method.(Round "Cost per equivalent unit" to 2 decimal places.)
I am needing help with the production cost worksheet..
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