Saved Chapter 8 Homework 5 Problem 8-54 (Algo) Prepare a Production Cost Report: FIFO Method (LO 8-4,5) 2 points 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 hod 106,000 units made up of the following. eBook Amount Degree of Completion Print $143, 100 100% References Prior department costs transferred in from the Molding Department Costs added by the Assembling Department Direct materials Direct labor Manufacturing overhead 1003 50% $ 90,100 35,172 24,402 $140,674 $292,774 Work in process, April 1 During April, 506,000 units were transferred in from the Molding Department at a cost of $683,100. The Assembling Department added the following costs. Direct materials Direct labor Manufacturing overhead Total costs added $395,080 184,908 119,028 $699,016 Assembling finished 406,000 units and transferred them to the Packaging Department. Help so Chapter 8 Homework 5 At April 30, 206,000 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 SON 70 2 points eBook Required: o. Prepare production cost report using FIFO (Round "Cost per equivalent unit" to 2 decimal places.) PA References KANSAS SUPPLIES Assembling Department Production Cost Report-FIFO Prior Department Costs Physical Units Total Costs Labor Materials Manufacturing Overhead Flow of Production Units Units to be accounted for Beginning WIP inventory Units started this period Total units to be accounted for Units accounted for Units completed and transferred out From beginning inventory Started and completed currently Iinite in antina WID Chapter 8 Homework 5 Unts completed and transferred out From beginning inventory Started and completed currently Units in ending WIP inventory Total units accounted for 2 points 0 0 0 0 0 eBook Print Costs to be accounted for Costs in beginning WIP inventory Current period costs Total costs to be accounted for References $ 05 OS 05 0 $ 0 Cost per equivalent unit Prior department costs Materials Labor Manufacturing overhead 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 Soved Chapter 8 Homework 5 Current costs to compete beginning wir inventory Prior department costs Materials Labor 2 points $ 0 S 0 Manufacturing overhead Total costs from beginning inventory Current costs of units started and completed Prior department costs Materi Labor Manufacturing overhead Total costs of units started and completed 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 5 0 $ $ 0 $ 0$ 05 0 $ 0