Question

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 109,000 units made up of the following.

	Amount			Degree of Completion
Prior department costs transferred in from the Molding Department	$	150,420			100	%
Costs added by the Assembling Department
Direct materials	$	87,200			100	%
Direct labor		40,518			70	%
Manufacturing overhead		18,006			50	%
	$	145,724
Work in process, April 1	$	296,144

During April, 509,000 units were transferred in from the Molding Department at a cost of $702,420. The Assembling Department added the following costs.

Direct materials	$	390,480
Direct labor		189,962
Manufacturing overhead		105,144
Total costs added	$	685,586

Assembling finished 409,000 units and transferred them to the Packaging Department.

At April 30, 209,000 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	40

Required:

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

Answer 1

UNITS TO ACCOUNT FOR:
Beginning Work in Process units		1,09,000.00
Add: Units Started in Process		5,09,000.00
Total Units to account for:		6,18,000.00
UNITS TO BE ACCOUNTED FOR:
Units completed			4,09,000.00
Ending Work in Process		2,09,000.00
Total Units to be accounted for:	6,18,000.00
Equivalent Units:
			Transferred in Cost	Material Cost	Labour	Overheads
			% Completion	Units	% Completion	Units	% Completion	Units	% Completion	Units
Units completed		100%	4,09,000.00	100%	4,09,000.00	100%	4,09,000.00	100%	4,09,000.00
Ending Work in Process	100%	2,09,000.00	90%	1,88,100.00	80%	1,67,200.00	40%	83,600.00
Total Equivalent units		6,18,000.00		5,97,100.00		5,76,200.00		4,92,600.00
TOTAL COST TO ACCOUNT FOR:
			Transferred-in		Material	Labour	Overheads
Beginning work in Process	1,50,420		87200	40518	18,006
Cost Added during May	7,02,420		3,90,480	105144	6,85,586
Total Cost to account for:	8,52,840		4,77,680	145662	7,03,592
Total Cost to account for:					21,79,774
COST PER EQUIVALENT UNIT:
			Transferred-in		Material	Labour	Overheads
Cost added during the period	8,52,840		4,77,680	145662	7,03,592
Equivalent Units		6,18,000.00		5,97,100.00	576200	4,92,600.00
Cost per Equivalent unit	1.38		0.80	0.25	1.43
TOTAL COST ACCOUNTED FOR:
Units Completed and Transferred out (409000 units)
			Equivalent unit	Cost per EU	Total Cost
Transferred-in cost		4,09,000	1.38	564420
Material cost		4,09,000	0.8	327200
Labour			4,09,000	0.25	102250
Overheads		4,09,000	1.43	584870
Total Cost of Units completed and transferred out:	1578740
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