Question: View Policies Current Attempt in Progress Building a kayak using the composite method is a very labor intensive process. In the Fabrication Department, the kayaks


View Policies Current Attempt in Progress Building a kayak using the composite method is a very labor intensive process. In the Fabrication Department, the kayaks go through several steps as employees carefully place layers of Kevlar in a mold and then use resin to fuse together the layers. The excess resin is removed with a vacuum process, and the upper shell and lower shell are removed from the molds and assembled. The seat, hatch, and other components are added in the Finishing Department. At the beginning of April. Current Designs had 32 kayaks in process in the Fabrication Department. Rick Theune, the production manager, estimated that about 80% of the materials costs had been added to these boats, which were about 50% complete with respect to the conversion costs. The cost of this inventory had been calculated to be $8,510 in materials and $9,110 in conversion costs During April, 69 boats were started. At the end of the month, the 30 kayaks in the ending inventory hod 20% of the materials and 40% of the conversion costs already added to them, A review of the accounting records for April showed that materials with a cost of $16,130 had been requisitioned by the Fabrication Department and that the conversion costs for the month were $41520 Complete a production cost report for April 2020 for the Fabrication Department using the weighted average method, CURRENT DESIGNS Fabrication Department Production Cost Report Equivalent Units Conversion Costs Physical Units Quantities Units to be accounted for Materials Work in process, April 1 Started into production Total units Units accounted for Transferred out Work in process, April 30 Total units Costs Materials Conversion Costs Unit costs Total cost Equivalent units Unitecosts Total cost $ $ Equivalent units Unit costs S $ Costs to be accounted for Work in process. April 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process. April 30 Mater Conversion opste Total costs
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