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 FIFO. (Round "Cost per equivalent unit" to 2 decimal places.)