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 75,000 units made up of the following. Degree of Completion Amount $192,000 100% Prior department costs transferred in from the Molding Department Costs added by the Assembling Department Direct materials Direct labor Manufacturing overhead $120,000 43,200 27,600 $190,800 $382,800 100% 60% 50% Work in process, April 1 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 $576,000 216,000 113,400 $905,400 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. 90% Direct materials Direct labor Manufacturing overhead 70 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 Units Total Costs Prior Department Costs Materials Labor Manufacturing Overhead 124 X 234 X 358 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 53 x 35,353 X 5,242 X 4,242 X 3,455 X 345 x 4,342 53,535 X 3,435 X 61,312 5,345 X 3,535 X 5,345 X 14,225 244 X 40,839 245 X 7,942 424 X 822 S 3 x 3X Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for 24 X $ 3,535 X 3,559 $ $ 242 X S 2,224 X $ 33,535 X 3,535 X 33,777 $ 5,759 $ 345 X $ 3,453 X 3,798 $ 53 X $ 56 Manufacturing overhead $ 234.00 X $ 736 X $ 535 X $ 2,553 X $ 23 X $ 24 X 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 3,525 X 12,415 X 2,352 X Labor 5,325 % 12,414 X 2,421 x 352 X $ 27,986 Manufacturing overhead Total costs from beginning inventory Current costs of units started and completed: Prior department costs Materials 353 X 24,576 X 64 X 24 X 647 X Labor 860 X 64 X 775 X $ 24,728 52,714 IS 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 IS 6 X 646 X 45 X 644 X 3,435 X 442 X 535 X 242 X Manufacturing overhead Total ending WIP inventory Total costs accounted for S S 4,021 56,735 $ 5,059 $ 6,196 $ 6,650 $ 1,393
