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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 Aprll 1 had 109,000 units made up of the following. During April, 509,000 units were transferred in from the Molding Department at a cost of $702,420. The Assembling Department added the following costs. Assembling finished 409,000 units and transferred them to the Packaging Department. At April 30, 209,000 units were still In work-in-process Inventory. The degree of completion of work-In-process Inventory at April 30 Was as follows. Required: a. Prepare a production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places.) Required
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