Browse My Computer Browse Content Collection QUESTION 18 10 points Save Highlander Corporation is a manufacturer that uses the average cost method to account for costs of production Highlander manufactures a product that is produced in three separate departments: molding, assembling, and finishing. The following information was obtained for the assembling department for the month of June: Work in process, June 1: 4,000 units composed of the following: Amount $60,000 Percent of Completion 100% Transferred in from the molding department Costs added by the assembling department: Direct materials Direct labor $ 0 0% 12.300 Factory overhead applied 50% 4.700 17.000 $77.000 Work in process. June 1 The following activity occurred during the month of June: (1) 20,000 units were transferred in from the molding department at a cost of $300,000 (2) Costs were added by the assembling department as follows: $ 93,600 Direct materials Direct labor Factory overhead 43 200 19.420 $156.220 (3) Materials are added at the end of the process. (4) 18,000 units were completed and transferred to the finishing department. At June 30, 6.000 units were still in process. The degree of completion of work in process at June 30 follows: Direct labor 70% Factory overhead applied 35% Required: Prepare in good form a cost of production report for the assembling department for the month of June. Show supporting computations in good form. The report should include: Tick Save and quivalent units of production Soo Allar allan b. Total manufacturing costs C. Cost per equivalent unit Save All Answers d. Dallen amorent of ending work en process e. Dollan amont of einventory cost tranfErned out