Stilton Audio is a producer of speakers and amplifiers which are housed in plastic cabinets. Currently production of the plastic cabinets as well as final product assembly is completed in-house.

For accounting purposes, Stilton Audio uses the weighted average method, where plastic cabinets speaker and amplifier components are added at the beginning of the assembly process.

The following are cost and production data for the assembly process for April:

Production:

Units in process, April 1, 60 percent complete 60,000

Units completed and transferred out 150,000

Units in process, April 30, 20 percent complete 30,000

Costs:

WIP, April 1:

Plastic cabinets $ 1,200,000

Speaker and amplifier components 12,600,000

Conversion costs 5,400,000

Costs added during April:

Plastic cabinets 2,400,000

Speaker and amplifier components 25,200,000

Conversion costs 8,640,000

Required:

1. Prepare a physical flow analysis for the assembly department for April.

2. Calculate equivalent units of production for the assembly department for April.

3. Calculate unit cost for the assembly department for April.

4. Calculate the cost of units transferred out and the cost of EWIP inventory.

5. Prepare a cost reconciliation for the assembly department for April.