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 120,000 units made up of the following.

	Amount			Degree of Completion
Prior department costs transferred in from the Molding Department	$	178,800			100	%
Costs added by the Assembling Department
Direct materials	$	100,800			100	%
Direct labor		53,920			70	%
Manufacturing overhead		32,520			50	%
	$	187,240
Work in process, April 1	$	366,040

During April, 520,000 units were transferred in from the Molding Department at a cost of $774,800. The Assembling Department added the following costs.

Direct materials	$	418,320
Direct labor		256,000
Manufacturing overhead		161,880
Total costs added	$	836,200

Assembling finished 420,000 units and transferred them to the Packaging Department.

At April 30, 220,000 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	30

Required:

a. Prepare a production cost report using the weighted-average method.

KANSAS SUPPLIES Production Cost Report—Weighted Average Physical Units Total Costs Prior Department Costs Materials Labor Manufacturing Overhead 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 ending 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 Cost 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

*Please help my numbers are wrong!

Answer 1