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 100% Amount Prior department costs transferred in from the Molding Department $192,000 Costs added by the Assembling Department Direct materials $120,000 Direct labor 43,200 Manufacturing overhead 27,600 $190,800 Work in process, April 1 $382,800 100% 60% 50% 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. Direct materials Direct labor Manufacturing overhead 90% 70 35 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-Weighted-Average Prior Physical Total Costs Department Units 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 133 x 12 X 145 244 X 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 646 X 890 245 X 357 X 35 X 246 X 648 X 474 X 1,122 34 X 890 491 391 35 Costs to be accounted for: Costs in beginning WIP inventory Current period costs $ 665 X $ 9,578 X $ 353 X $ 244 X $ 246 X 2,455 X 244 X 3,567 432 X 3,566 Total costs to be accounted for $ 3,120 9,822 $ 3,920 $ 676 $ 3,812 Cost per equivalent unit: Prior department costs Materials $ 375.00 X S 33.00 X $ $ 8,547.00 Labor x Manufacturing overhead $ 211.00 X Costs accounted for: Costs assigned to units transferred out: Prior department costs Materials $ 564 X $ 3,535 X 444 X $ 5 X Labor 121 X $ 554 X 324 X $ $ 68 X $ 1,453 Manufacturing overhead Total costs of units transferred out Costs assigned to ending WIP inventory: Prior department costs Materials $ 545 X 323 X 867 X 534 X 74 X 23 X 577 X 343 X Labor Manufacturing overhead Total ending WIP inventory Total costs accounted for $ 2,063 3.516 $ $ 3,858 S 539 $ 577 $ 411
