Question: Assume that Stilton Audio uses the weighted average method, where plastic cabinets, and speaker and amplifier components are added at the beginning of the assembly
Assume that Stilton Audio uses the weighted average method, where plastic cabinets, and 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:
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Required:
1. Prepare a cost of production report for the assembly department for the month of April.
2. Write a report that compares the purpose and content of the cost of production report with the job-order cost sheet.
Production: Units in process, April 1, 60 percent complete Units completed and transferred out Units in process, April 30, 20 percent complete 60,000 150,000 30,000 Costs: WIP, April 1: Plastic cabinets Speaker and amplifier components Conversion costs $ 1,200,000 12,600,000 5,400,000 Costs added during April: Plastic cabinets $ 2,400,000 25,200,000 8,640,000 Speaker and amplifier components Conversion costs
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