Kansas Supplies is a manufacturer of plastic parts that uses the weighted average process costing method to account for costs of production. It produces ports 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 hod 75.000 units made up of the following. Degree of Amount Completion Prior department costs transferred in from the Molding Department $ 192,828 100% Costs added by the Assembling Department Direct materials $120.ee 180 Direct labor 43, 220 sex Manufacturing overhead 27,680 $190, see Work in process, April 1 $382.800 sex During April, 375.000 units were transferred in from the Molding Department at a cost of $960,000. The Assembling Department added the following costs. Direct materials Direct labor Manufacturing overhead Total costs added $576,820 216.000 113,480 $905,420 Assembling finished 300,000 units and transferred them to the Packaging Department. At April 30,150,000 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 Direct labor Manufacturing overhead sex 7e 35 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 Unite Total Coats Prior Department Costa Materiale Labor Manufacturing Overhead 75,000 375,000 450,000 Flaw 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 Unitsin ending WIP inventory Total units accounted for 0 0 75,000 225,000 150,000 45 225,000 150,000 375,000 225,000 135,000 360,000 225,000 105,000 330,000 225,000 52,500 277,500 Casts to be accounted for Costs in beginning WIP inventory Current period costs Total costs to be accounted for S 382,800 s 192,000 1.865,400 960,000 S 2 248,200 $ 1,152,000 $ 120,000 576,000 S 698,000 $ 43,200 s 216,000 259,200 S 27,600 113,400 141,000 s 2.56 Cast per equivalent unit: Prior department costs Materials Labar Manufacturing verhead S 1.80 S 0.84 0.40 S 1,560,000 S 758,000 $ 480,000s 192,000 $ 120,000 $ 1,560,000 Casts accounted for Costs assigned to units transferred out: Casts 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 Labar Manufacturing overhead Total ending WIP inventory Total costs accounted for S 0 $ 1,560,000 S 0 S 1,560,000 S 758,000 $ 480,000 $ 192,000 $ 120,000
