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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 welghted-average process
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 welghted-average process costing methad 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 Apri Work in process on Aprl 1 had 107,000 units made up of the following: Degree of Amount Campletion S 145.520 Prior department costs transferred in trom the Molding Department Costs added by the Assembling Department 100% Direct materials Direct labor Manufactuing overhead $ 96,300 36,169 100% 70% 50% Work in process, April 1 $297,001 During April, 507,000 units were transferred in from the Molding Department at a cost of $689,520. The Assembling Department added the following costs Direct materials Drect labor Manufacturing ovemead Total costs added $437,870 164,241 $676,719 Assembling finished 407,000 units and transferred then to the Packaging Department. At April 30, 207,000 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 Drect labor Marufacturing overmead 90% 80 30
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