The owner of Stillwater Designs was pleased with the prospect of becoming an original equipment supplier to DaimlerChrysler. Stillwater designs will provide an audio package for the Dodge Neon SRT4 line. Assembling the plastic cabinets, speakers, and amplifiers for this audio package will be done in-house.

Assume that Stillwater Designs uses the weighted average method to cost out the audio package. The following are cost and production data for the assembly process for April:

Production:

Units in process, April 1, 60 percent complete 40,000

Units completed and transferred out 100,000

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

Costs:

WIP, April 1:

Plastic cabinets $ 800,000

Kicker components 8,400,000

Conversion costs 3,600,000

Costs added during April:

Plastic cabinets $ 1,600,000

Kicker components 16,800,000

Conversion costs 5,760,000

Required:

1. Prepare a cost of production report for the assembly department for the month of April.

2. Write a one-page report that compares the purpose and content of the cost of production report with the job-order cost sheet.