Practice

Wk 4 - Apply: Test [due Day 7] ) Saved Help Save m 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 114.000 units made up of the following. Skipped Degree of Prior department costs transferred in from the Amount Completion Molding Department $163 , 020 Costs added by the Assembling Department 100% Direct materials Direct labor $108, 300 106% 40, 688 Manufacturing overhead 28, 374 50% $177, 362 Work in process, April 1 $340, 382 During April. 514.000 units were transferred in from the Molding Department at a cost of $735,020. The Assembling Department added the following costs. Direct materials 3467, 970 Direct labor 213, 022 Manufacturing overhead 138, 996 Total costs added $819, 988 Assembling finished 414,000 units and transferred them to the Packaging Department At April 30, 214.000 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 30 Required: Prepare a production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places.) KANSAS SUPPLIES Assembling Department Production Cost Report-Weighted Average Prior Department Manufacturing Physical Units Total Costs Materials Labor Costs Overhead Flow of Production Units Next >