Problem 8-49 Prepare a Production Cost Report: FIFO Method (LO 8-4, 5) 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 113,000 units made up of the following: Degree of Completion 100 % Amount Prior department costs transferred in from the Molding DepartmentS 160.460 Costs added by the Assembling Department Direct materials Direct labor Manufacturing overhead S 101,700 45,681 100 % 70% 24.192 50% $171,573 Work in process, April 1 332,033 During April, 513,000 units were transferred in from the Molding Department at a cost of S728,460. The Assembling Department added the following costs: Direct materials $ 442,530 216,849 Direct labor Manufacturing overhead 150,178 S 800,557 Total costs added Assembling finished 413,000 units and transferred them to the Packaging Department. At April 30, 213,000 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 labon Manufacturing overhead 90% 80 40 Required: a. Prepare a production cost report using FIFO (Round "Cost per equivalent unit" to 2 decimal places.) KANSAS SUPPLIES Assembling Department Production Cost Report-FIFO Flow of Production Units COMPUTE EQUIVALENT UNITS Prior Department Physical Units Manufacturingov Materials Labor Costs Units to be accounted for Beginning WIP inventory 113,000 513.000 Units started this period Total units to be accounted for 626,000 Units accounted for Units completed and transferred out 113,000 58,500 From beginning inventory 33,900 Started and completed currently 300,000 300,000 300,000 300,000 300,000 213,000 Units in ending WIP inventory 213,000 191,700 170,400 85,200 Total units accounted for 626,000 513,000 491,700 504,300 441,700 Costs DETAILS Prior Manufacturing Overhead Total Costs Department Costs Materials Labor Costs to be accounted for: Costs in beginning WIP inventory Current period costs $ 160,460 S 101,700 $ 45,681 24,192 332,033 150,178 1,538,017 728.460 442,530 216,840 S 888,920 S 544,230 $ 282,530 174,370 Total costs to be accounted $ 1,870,050 Cost per equivalent unit: Prior department costs 0.00 Materials Labor Manufacturing overhead DETAILS Prior Manufacturing Overhead Total Costs Department Costs Materials Labor Costs accounted for: Costs assigned to units transferred out Costs from beginning WIP inventory Current costs added to complete beginning WIP inventory: Prior department costs Materials Labor Manufacturing overhead Total costs from beginning inventory Current costs of units started and completed: Prior department costs Materials Labor Manufacturing overhead Total costs of units started and completed 0 Total costs of units transferred out S 0 Costs assigned to ending WIP inventory Prior department costs Materials Labor Manufacturing overhead Total ending WIP inventory 0 S 0 0 0 0 Total costs accounted for