Steps in Preparing a Production Report Recently, Stillwater Designs expanded its market by becoming an original equipment supplier to Jeep Wrangler. Stillwater Designs produces factory upgraded speakers specifically for Jeep Wrangler. The Kicker components and speaker cabinets are outsourced with assembly remaining in house. Stillwater Designs assembles the product by placing the speakers and other components in cabinets that define an audio package upgrade and that can be placed into the Jeep Wrangler, producing the desired factory-installed appearance. Speaker cabinets and associated Kicker components are added at the beginning of the assembly process. Assume that Stillwater Designs uses the weighted average method to cost out the audio package. The following are cost and production data for the assembly process for April: Production: Units in process, April 1, 60% complete 60,000 Units completed and transferred out 150,000 Units in process, April 30, 20% complete 30,000 Costs: WIP, April 1: Cabinets $1,200,000 Kicker components 12,600,000 Conversion costs 5,400,000 Costs added during April: Cabinets $2,400,000 Kicker components 25,200,000 Conversion costs 8,640,000 Required: 1. Prepare a physical flow analysis for the assembly department for the month of April. Assembly Department Physical Flow Analysis For the Month of April Units to account for: Units in beginning work in process Units started during the period 6,000 120,000 Total units to account for 180.000 Units accounted for: Units completed and transferred out: Started and completed From beginning work in process Units in ending work in process Total units accounted for 2. Calculate equivalent units of production for the assembly department for the month of April. Cabinets 180,000 equivalent units Components 180,000 equivalent units Conversion 156,000 equivalent units 3. Calculate unit cost for the assembly department for the month of April. Per Unit Cabinets $ Components $ Conversion $ Total $ 4. Calculate cost of units transferred out and the cost of EWIP inventory Cost of units transferred out Cost of ending work in process $ 5. Prepare a cost reconciliation for the assembly department for the month of April. Assembly Department Cost Reconciliation For the Month of April Costs to account for: Beginning work in process Incurred during April Total costs to account for $ Costs accounted for: Goods transferred out Goods in ending work in process Total costs accounted for