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please help Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to account for costs of production. It produces
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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 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 104.000 units made up of the following Degree of Amount Prior department costs transferred in from the Completion Molding Department $138,320 100% Costs added by the Assembling Department Direct materials $ 88,480 100% Direct labor 31,528 60% Manufacturing overhead 21,264 sex $141, 192 Work in process, April 1 $279,512 During April, 504,000 units were transferred in from the Molding Department at a cost of $670,320. The Assembling Department added the following costs. Direct materials Direct labor Manufacturing overhead Total costs added $393,720 159,852 95,836 $648,608 Assembling finished 404.000 units and transferred them to the Packaging Department, At April 30, 204,000 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 3e 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 Department Physical Units Total Costs Costs Materials Labor Manufacturii Overhead Flow of Production Units Units to be accounted for Beginning WIP inventory Units started this period Total units to be accounted for 104.000 504,000 608,000 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 104,000 300,000 404,000 204,000 608,000 0 Total units accounted for 608,000 0 0 $ Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for 279,512 1,318,928 1,598 440 $ $ 0 $ 01 S Cost por equivalent unit: Prior department costs Materials Labor Manufacturing overhead Costs accounted for Costs assigned to units transferred out: Prior department costs Materials Labor Manufacturing overhead Total costs of units transferred out $ 0 Costs accounted for: Costs assigned to units transferred out Prior department costs Materials 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 $ OS 0 $ 0 $ Step by Step Solution
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