Problem 8-49 Prepare a Production Cost Report: FIFO Method (LO 8-4, 5) 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 116,000 units made up of the following: Amount Degree of Completion Prior department costs transferred in from the Molding Department $ 168,200 100 % Costs added by the Assembling Department Direct materials $ 92,800 100 % Direct labor 44,752 60 % Manufacturing overhead 29,188 50 % $ 166,740 Work in process, April 1 $ 40 During April, 516,000 units were transferred in from the Molding Department at a cost of $748,200. The Assembling Department added the following costs: Direct materials $ 378,240 Direct labor 238,848 Manufacturing overhead 146,652 Total costs added $ 763,740 Assembling finished 416,000 units and transferred them to the Packaging Department. At April 30, 216,000 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 80 % Direct labor 70 Manufacturing overhead 40 Required: a. Prepare a production cost report using FIFO. (Round "Cost per equivalent unit" to 2 decimal places.)