Problem 8-48 Prepare a Production Cost Report: Weighted-Average Method (LO 8-3, 4) 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 ollowing intormation was obtained for the Assembling Department for the month of Apnil Work in process on April 1 had 75,000 units made up of the following Degree of Prior department costs transferred in from the Molding Department $ 192000 100% Costs added by the Assembling Department Direct materials Direct labor Manufacturing overhead 120,000 43,200 27,600 100% 60% 50% Work in process, April 1 $ 382,800 During April, 375,000 units were transferred in from the Molding Department at a cost of s960,000. The Assembling Department added the following costs: Direct materials Direct labor Manufacturing overhead Total costs added 5 576,000 216,000 113,400 $ 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% TO 35 Required a. Prepare a production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places.) DETAILS KANSAS SUPPLIES Assembling Department n Cost Prior ng Total Costs Department Materials Labor Overhead Costs to be accounted for Flow of Production Units Costs in beginning WP inventory Current period costs Physical units Units to be accounted for. Total costs to be accounted for Beginning WIP inventory Units started this period Total units to be accounted for Cost per equivalent unit Prior department cost:s Materials Labor COMPUTE EQUIVALENT UNITS Costs accounted for Prior Man Department Materials Labor Costs assigned to units transferred out Prior department costs Units accounted for Units completed and transferred out: Labor From beginning inventory Started and completed currenthy Total transferred out Manufacturing overhead Total costs of units transferred out Costs assigned to ending WIP inventory: Units in ending WIP inventory Total units accounted for Prior department costs Materials Labor Manufacturing overhead Total ending WIP inventory Total costs accounted for