Question: Problem 8-48 Prepare a Production Cost Report: Weighted Average Method (LO 8-3, 4) Kansas Supplies is a manufacturer of plastic parts that uses the weighted

 Problem 8-48 Prepare a Production Cost Report: Weighted Average Method (LO8-3, 4) Kansas Supplies is a manufacturer of plastic parts that usesthe weighted average process costing method to account for costs of production.

Problem 8-48 Prepare a Production Cost Report: Weighted Average Method (LO 8-3, 4) 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 113,000 units made up of the following: Degree of Completion 100% Amount Prior department costs transferred in from the Molding Department $ 160,460 Costs added by the Assembling Department Direct materials $ 101,700 Direct labor 45,681 Manufacturing overhead 24,192 $ 171,573 Work in process, April 1 $332,033 100% 70% 50% During April, 513,000 units were transferred in from the Molding Department at a cost of $728,460. The Assombling Department added the following costs: Direct materials Direct labor Manufacturing overhead Total costs added $ 442 530 216.849 150.178 $ 309.557 Assembling finished 413,000 units and transferred them to the Packaging Department. At April 30, 213,000 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 90%. 80 Required: a. 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 Flow of Production Units Physical units Units to be accounted for: Beginning WIP inventory Units started this period Tolal units to be accounted for COMPUTE EQUIVALENT UNITS Prior Manufacturing Department Materials Labor Overhead Costs Units accounted for: Units completed and transferred out: From beginning inventory Started and completed currently Total transferred out Units in ending WIP inventory Total units accounted for 0 0 0 0 DETAILS Prior Department Materials Costs Total Costs Labor Manufacturing Overhead Costs to be accounted for. Costs in beginning WIP inventory Current period costs Total costs to be accounted for $ 0 $OS OS OS Cost per equivalent unit: Prior department costs Materials Labor Manufacturing overhead $ 0 Costs accounted for: Costs assigned to units transferred out: Prior department costs Materials Labor Manufacturing overhead Total costs of units transferred out Costs assigned to ending WIP inventory: Prior department costs Materials Labor Manufacturing overhead Total ending WIP inventory Total costs accounted for $ 0 $ 0S 0S0 $

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