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 115,000 units made up of the following Amount Degree of Completion Prior department costs transferred in from the Molding Department $ 165,600 100 Costs added by the Assembling Department Direct materials $ 108,100 100 Direct labor 47,965 70 Manufacturing overhead 29,355 50 $ 185,420 Work in process, April 1 $ 351,020 During April, 515,000 units were transferred in from the Molding Department at a cost of $741,600 The Assembling Department added the following costs Direct materials $ 463,890 Direct labor 227,925 Manufacturing overhead 147,135 Total costs added $ 838,950 Assembling finished 415,000 units and transferred them to the Packaging Department At April 30, 215,000 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 35 Required a Prepare a production cost report using FIFO (Round Cost per equivalent unit to 2 decimal places ) 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 0 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 Units in ending WIP inventory Total units accounted for 0 0 Costs to be accounted for Costs in beginning WIP inventory Current period costs Total costs to be accounted for $ 0 $ 0 $ 0 $ 0 $ 0 Cost per equivalent unit 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 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

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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 115,000 units made up of the following.

Amount Degree of Completion Prior department costs transferred in from the Molding Department $ 165,600 100 % Costs added by the Assembling Department Direct materials $ 108,100 100 % Direct labor 47,965 70 % Manufacturing overhead 29,355 50 % $ 185,420 Work in process, April 1 $ 351,020

During April, 515,000 units were transferred in from the Molding Department at a cost of $741,600. The Assembling Department added the following costs.

Direct materials $ 463,890 Direct labor 227,925 Manufacturing overhead 147,135 Total costs added $ 838,950

Assembling finished 415,000 units and transferred them to the Packaging Department.

At April 30, 215,000 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 35

Required:

a. Prepare a production cost report using FIFO. (Round "Cost per equivalent unit" to 2 decimal places.)

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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 0 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 Units in ending WIP inventory Total units accounted for 0 0 Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for $ 0 $ 0 $ 0 $ 0 $ 0 Cost per equivalent unit: 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 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