With explanation plz

Step by step solution

Project Description: Rondelle 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 (WIP) on April 1 had 75,000 units made up of the following: Amount Degree of Completion Prior department costs transferred in from the Molding Department Costs $192,000 100% added by the Assembling Department Direct materials $120,000 100% Direct labor $43,200 60% Manufacturing overhead $27,600 50% Total $190,800 Work in process, April 1 $382,000 During April, 375,000 units were transferred in from the Molding Department at a cost of $960,000. The Assembling Department added the following costs. Direct materials $576,000 Direct labor $216,000 Manufacturing overhead S113,400 Total costs added S905,400 Assembling finished 300,000 units and transferred them to the Packaging Department. At April 30, 150,000 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 70% Manufacturing overhead 35% Refer to your textbook (Chapter 8 pp. 337-343) and prepare a production cost report using the weighted average method. Use the template below (fill in the cells indicated in green) and round "Cost per equivalent unit" to 2 digits. Rondelle Supplies Assembling Department Production Cost Report - Weighted-Average Physical Total Costs Prior Materials Labor Manufacturing Units Department Overhead Costs Flow of Production Units Units to be accounted for: Beginning WIP inventory Units started this period Total units to be accounted for Units accounted for: Units completed and transferred out: From beginning inventory Started and completed currently Total transferred out Units in coding WIP inventory Total units accounted for Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for Costs per equivalent unit: Prior department costs Materials Labor Manufacturing overhead 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