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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 120,000 units made up of the following.

Amount Degree of Completion
Prior department costs transferred in from the Molding Department $ 178,800 100 %
Costs added by the Assembling Department
Direct materials $ 100,800 100 %
Direct labor 53,920 70 %
Manufacturing overhead 32,520 50 %
$ 187,240
Work in process, April 1 $ 366,040

During April, 520,000 units were transferred in from the Molding Department at a cost of $774,800. The Assembling Department added the following costs.

Direct materials $ 418,320
Direct labor 256,000
Manufacturing overhead 161,880
Total costs added $ 836,200

Assembling finished 420,000 units and transferred them to the Packaging Department.

At April 30, 220,000 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 90 %
Direct labor 80
Manufacturing overhead 30

Required:

a. Prepare a production cost report using the weighted-average method.

KANSAS SUPPLIES
Production Cost ReportWeighted Average
Physical Units Total Costs Prior Department Costs Materials Labor Manufacturing Overhead
Flow 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
Total transferred out
Units in ending WIP inventory
Total units accounted for
Costs to be accounted for:
Costs in beginning WIP inventory
Current period costs
Total costs to be accounted for
Cost per equivalent unit:
Prior department costs
Materials
Labor
Manufacturing overhead
Costs accounted for:
Costs assigned to units transferred out:
Prior department costs
Materials
Labor
Manufacturing overhead
Total costs of units transferred out
Costs assigned to ending WIP inventory:
Prior department costs
Materials
Labor
Manufacturing overhead
Total ending WIP inventory
Total costs accounted for

*Please help my numbers are wrong!

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