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 103,000 units made up of the following Amount Degree of Completion Prior department costs transferred in from the Molding Department $ 135,960 100 Costs added by the Assembling Department Direct materials $ 82,400 100 Direct labor 35,101 70 Manufacturing overhead 17,202 50 $ 134,703 Work in process, April 1 $ 270,663 During April, 503,000 units were transferred in from the Molding Department at a cost of $663,960 The Assembling Department added the following costs Direct materials $ 386,160 Direct labor 162,789 Manufacturing overhead 103,848 Total costs added $ 652,797 Assembling finished 403,000 units and transferred them to the Packaging Department At April 30, 203,000 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 40 Required a Prepare a production cost report using FIFO (Round Cost per equivalent unit to 2 decimal places ) 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 112,000 units made up of the following Amount Degree of Completion Prior department costs transferred in from the Molding Department $ 157,920 100 Costs added by the Assembling Department Direct materials $ 89,600 100 Direct labor 36,744 60 Manufacturing overhead 28,416 50 $ 154,760 Work in process, April 1 $ 312,680 During April, 512,000 units were transferred in from the Molding Department at a cost of $721,920 The Assembling Department added the following costs Direct materials $ 375,680 Direct labor 187,416 Manufacturing overhead 145,464 Total costs added $ 708,560 Assembling finished 412,000 units and transferred them to the Packaging Department At April 30, 212,000 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 80 Direct labor 70 Manufacturing overhead 40 Required a Prepare a production cost report using the weighted average method (Round Cost per equivalent unit to 2 decimal places ) KANSAS SUPPLIES Assembling Department Production Cost Report FIFO Physical Units Total Costs Prior Department Materials Costs 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 Units in ending WIP inventory Total units accounted for 0 0 0 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 $ 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 Manufacturing overhead Total ending WIP inventory Total costs accounted for $ 0 $ 0 $ 0 $ 0 $ 0 Production Cost Repont weighted 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 L L L L 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 0 0 0 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 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 0 $ 0 $ 0 $ 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 103,000 units made up of the following.

	Amount		Degree of Completion
Prior department costs transferred in from the Molding Department	$	135,960		100	%
Costs added by the Assembling Department
Direct materials	$	82,400		100	%
Direct labor		35,101		70	%
Manufacturing overhead		17,202		50	%
	$	134,703
Work in process, April 1	$	270,663

During April, 503,000 units were transferred in from the Molding Department at a cost of $663,960. The Assembling Department added the following costs.


Direct materials	$	386,160
Direct labor		162,789
Manufacturing overhead		103,848
Total costs added	$	652,797

Assembling finished 403,000 units and transferred them to the Packaging Department.

At April 30, 203,000 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	40

Required:

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

image text in transcribed

Work in process on April 1 had 112,000 units made up of the following.

	Amount		Degree of Completion
Prior department costs transferred in from the Molding Department	$	157,920		100	%
Costs added by the Assembling Department
Direct materials	$	89,600		100	%
Direct labor		36,744		60	%
Manufacturing overhead		28,416		50	%
	$	154,760
Work in process, April 1	$	312,680

During April, 512,000 units were transferred in from the Molding Department at a cost of $721,920. The Assembling Department added the following costs.


Direct materials	$	375,680
Direct labor		187,416
Manufacturing overhead		145,464
Total costs added	$	708,560

Assembling finished 412,000 units and transferred them to the Packaging Department.

At April 30, 212,000 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	80	%
Direct labor	70
Manufacturing overhead	40

Required:

a. Prepare a production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places.)

KANSAS SUPPLIES Assembling Department Production Cost Report-FIFO Physical Units Total Costs Prior Department Materials Costs 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 Units in ending WIP inventory Total units accounted for 0 0 0 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 $ 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 Manufacturing overhead Total ending WIP inventory Total costs accounted for $ 0 $ 0 $ 0 $ 0 $ 0 Production Cost Repont-weighted 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 L L L L 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 0 0 0 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: 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 0 $ 0 $ 0 $ 0 $ 0