Question

KANSAS SUPPLIES
Assembling Department
Production Cost Report—Weighted-Average
Flow of Production Units
	Physical units
Units to be accounted for:
Beginning WIP inventory
Units started this period
Total units to be accounted for
		COMPUTE EQUIVALENT UNITS
		Prior Department Costs	Materials	Labor	Manufacturing Overhead
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
	DETAILS
	Total Costs	Prior Department Costs	Materials	Labor	Manufacturing Overhead
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

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 111,000 units made up of the following:

	Amount			Degree of Completion
Prior department costs transferred in from the Molding Department	$	155,400			100	%
Costs added by the Assembling Department
Direct materials	$	99,900			100	%
Direct labor		45,007			70	%
Manufacturing overhead		25,026			50	%
	$	169,933
Work in process, April 1	$	325,333

During April, 511,000 units were transferred in from the Molding Department at a cost of $715,400. The Assembling Department added the following costs:

Direct materials	$	440,910
Direct labor		215,903
Manufacturing overhead		117,264
Total costs added	$	774,077

Assembling finished 411,000 units and transferred them to the Packaging Department.

At April 30, 211,000 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.

Answer 1

KANSAS SUPPLIES
Assembling Department
Production Cost Report—Weighted-Average
Flow of Production Units
	Physical units
Units to be accounted for:
Beginning WIP inventory	111000
Units started this period	511000
Total units to be accounted for	622000
		COMPUTE EQUIVALENT UNITS
		Prior Department Costs	Materials	Labor	Manufacturing Overhead
Units accounted for:
Units completed and transferred out:
From beginning inventory	111000	111000	111000	111000	111000
Started and completed currently	300000	300000	300000	300000	300000
Total transferred out	411000	411000	411000	411000	411000
Units in ending WIP inventory	211000	211000	168800	147700	84400
Total units accounted for	622000	622000	579800	558700	495400
	DETAILS
	Total Costs	Prior Department Costs	Materials	Labor	Manufacturing Overhead
Costs to be accounted for:
Costs in beginning WIP inventory	$325,333	$155,400	$99,900	$45,007	$25,026
Current period costs	$1,489,477	$715,400	$440,910	$215,903	$117,264
Total costs to be accounted for	$1,814,810	$879,840	$465,280	$224,160	$173,880
Cost per equivalent unit:
Prior department costs	$1.41
Materials	$0.80
Labor	$0.40
Manufacturing overhead	$0.35
Costs accounted for:
Costs assigned to units transferred out:
Prior department costs	$581,373
Materials	$329,821
Labor	$164,900
Manufacturing overhead	$144,257
Total costs of units transferred out	$1,220,351
Costs assigned to ending WIP inventory:
Prior department costs	$298,467
Materials	$135,459
Labor	$59,260
Manufacturing overhead	$29,623
Total ending WIP inventory	$522,809
Total costs accounted for	$1,743,160