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 110,000 units made up of the following.

	Amount			Degree of Completion
Prior department costs transferred in from the Molding Department	$	152,900			100	%
Costs added by the Assembling Department
Direct materials	$	89,100			100	%
Direct labor		37,540			60	%
Manufacturing overhead		25,070			50	%
	$	151,710
Work in process, April 1	$	304,610

During April, 510,000 units were transferred in from the Molding Department at a cost of $708,900. The Assembling Department added the following costs.

Direct materials	$	379,080
Direct labor		196,400
Manufacturing overhead		119,980
Total costs added	$	695,460

Assembling finished 410,000 units and transferred them to the Packaging Department.

At April 30, 210,000 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	80	%
Direct labor	70
Manufacturing overhead	35

Required:

a. Prepare a production cost report using FIFO. (Round "Cost per equivalent unit" to 2 decimal places.)

Answer 1