Lori Electronics makes DVD players in three processes: assembly, programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs are incurred evenly throughout the process. The Assembly Department had no Work-in-Process Inventory on March 31. In mid-April, Lori Electronics started production on 95,000 DVD players. Of this number, 68,000 DVD players were assembled during April and transferred out to the Programming Department. The April 30 Work-in-Process Inventory in the Assembly Department was 30% of the way through the assembly process. Direct materials costing $280,250 were placed in production in Assembly during April, direct labor of $152,712 was assigned, and manufacturing overhead of $69,500 was allocated to that department.
Requirements
1. Prepare a production cost report for the Assembly Department for April.
2. Prepare a T-account for Work-in-Process Inventory—Assembly to show its activity during April, including the April 30 balance.