What did i do wrong?
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 119,000 units made up of the following. Amount $ 176,120 Degree of Completion 100% Prior department costs transferred in from the Molding Department Costs added by the Assembling Department Direct materials Direct labor Manufacturing overhead $ 101,150 45,718 19,346 166,214 $ 342,334 100% 60% 50% Work in process, April 1 During April, 519,000 units were transferred in from the Molding Department at a cost of $768,120. The Assembling Department added the following costs. Direct materials Direct labor Manufacturing overhead Total costs added $ 403.920 240,432 107,304 $ 751,656 Assembling finished 419,000 units and transferred them to the Packaging Department. At April 30, 219,000 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 80% 70 40 Required: a. Prepare a production cost report using the weighted average method. (Round "Cost per equivalent unit" to 2 decimal places.) Answer is complete but not entirely correct. KANSAS SUPPLIES Assembling Department Production Cost Report-Weighted Average Prior Physical Units Total Costs Department Costs Materials Labor Manufacturing Overhead Flow of Production Units Units to be accounted for: Beginning WIP inventory Units started this period Total units to be accounted for 119,000 519,000 638,000 OO 119,000 Units accounted for: Units completed and transferred out: From beginning inventory Started and completed currently Total transferred out Units in ending WIP inventory Total units accounted for 100 300,000 419,000 419,000 419,000 419,000 219,000 638,000 219,000 638,000 87,600 419,000 153,300 572,300 175,200 594,200 506,600 $ Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for 342,334 $ 1,519,776 1,862,110 176,120 768,120 944,240 101,150 $ 403,920 45,718$ 240,432 286,150 $ 19,346 107,304 126,650 505,070 1.48 Cost per equivalent unit: Prior department costs Materials Labor Manufacturing overhead $ 0.85 $ 0.50 $ 0.25 Costs accounted for: Costs assigned to units transferred out: Prior department costs Materials $ 620,627 X 356,400 X 620,627 X $ 356,400 X 209,634 X 104,793 X 1,291,454 $ 209,634 X $ 104,793 X 1$ Labor Manufacturing overhead Total costs of units transferred out Costs assigned to ending WIP inventory: Prior department costs Materials $ 323,613 X 148,670 X 323,613 x 148,670 X 76,516 X 21,857 x Labor 76,516 X 21,857 X Manufacturing overhead Total ending WIP inventory Total costs accounted for 570,656 $ $ 1,862, 110 $ 944,240 505,070 $ 286,150 $ 126,650
