Problem 8-53 (Algo) 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 107,000 units made up of the following.

	Amount			Degree of Completion
Prior department costs transferred in from the Molding Department	$	145,520			100	%
Costs added by the Assembling Department
Direct materials	$	96,300			100	%
Direct labor		36,169			70	%
Manufacturing overhead		19,012			50	%
	$	151,481
Work in process, April 1	$	297,001

During April, 507,000 units were transferred in from the Molding Department at a cost of $689,520. The Assembling Department added the following costs.

Direct materials	$	437,670
Direct labor		164,241
Manufacturing overhead		74,808
Total costs added	$	676,719

Assembling finished 407,000 units and transferred them to the Packaging Department.

At April 30, 207,000 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	90	%
Direct labor	80
Manufacturing overhead	30

Required:

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