Problem 8-42 Prepare a Production Cost Report: Weighted-Average Method (LO 8-3, 4)

Douglas Toys is a manufacturer that uses the weighted-average process costing method to account for costs of production. It produces a plastic toy in three separate departments: Molding, Assembling, and Finishing. The following information was obtained for the Assembling Department for the month of September.

Work in process on September 1 had 102,000 units made up of the following:

		Amount		Degree of Completion
Prior department costs transferred in from the Molding Department	$	133,620		100	%
Costs added by the Assembling Department
Direct materials	$	76,500		100	%
Direct labor		31,264		70	%
Manufacturing overhead		23,734		50	%
	$	131,498
Work in process, September 1	$	265,118

During September, 502,000 units were transferred in from the Molding Department at a cost of $657,620. The Assembling Department added the following costs:

Direct materials	$	361,350
Direct labor		137,816
Manufacturing overhead		118,076
Total costs added	$	617,242

Assembling finished 402,000 units and transferred them to the Finishing Department.

At September 30, 202,000 units were still in work-in-process inventory. The degree of completion of work-in-process inventory at September 30 was as follows:

Direct materials	90	%
Direct labor	80
Manufacturing overhead	35

Required:

Prepare a production cost report using the weighted-average method. (Round "cost per equivalent unit" to 2 decimal places.)