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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
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 102,000 units made up of the following: Degree of Completion 100% Amount Prior department costs transferred in from the Molding Department S 133,620 Costs added by the Assembling Department Direct materials S 76,500 Direct labor 31,264 Manufacturing overhead 23.734 S 131,498 Work in process, April 1 S 265,118 100% 70% 50% During April, 502,000 units were transferred in from the Molding Department at a cost of $657,620. The Assembling Department added the following costs: Direct materials Direct labor Manufacturing overhead Total costs added $361,350 137 816 118,076 $ 617 242 Assembling finished 402,000 units and transferred them to the Packaging Department. At April 30, 202,000 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% 80 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 Flow of Production Units Physical units Units to be accounted for: Beginning WIP inventory Units started this period Total units to be accounted for 0 COMPUTE EQUIVALENT UNITS Prior Department Materials Labor Manufacturing Costs Overhead Units accounted for: Units completed and transferred out: From beginning inventory Started and completed currently Total transferred out Units ending WIP inventory Total units accounted for 01 0 01 0 DETAILS Total Costs Prior Department Costs Materials Labor Manufacturing Overhead Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for $ 0 $ 0 $ 0 $ 0 S 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 $ 0 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 $ 0
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