**Kansas Supplies Production Cost Report**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:**- Units: 111,000- Costs Transferred from Molding Department: - Amount: $155,400 (100% complete)- Costs Added by Assembling Department: - Direct Materials: $99,900 (100% complete) - Direct Labor: $45,007 (70% complete) - Manufacturing Overhead: $25,026 (50% complete)- Total Work in Process, April 1: $325,333**April Activity:**- Units Transferred In: 511,000 (from Molding Department)- Transfer Cost: $715,400- Costs Added by Assembling Department: - Direct Materials: $440,910 - Direct Labor: $215,903 - Manufacturing Overhead: $117,264- Total Costs Added in April: $774,077**Units Completed:**- Assembling finished 411,000 units and transferred them to the Packaging Department.**April 30 Work-in-Process Inventory:**- Units Remaining: 211,000- Degree of Completion: - Direct Materials: 90% - Direct Labor: 80% - Manufacturing Overhead: 30%**Requirement:**- Prepare a production cost report using FIFO. (Round "Cost per equivalent unit" to 2 decimal places.)

Name: **Kansas Supplies Production Cost Report**Kansas Supplies is a manufa
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Description: **Kansas Supplies Production Cost Report**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, Assembli

Process costing refers to the method of accounting in which production cost is assigned to various…

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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. Degree of Completion Amount Prior department costs transferred in from the Molding Department Costs added by the Assembling Department Direct materials $155,400 100% $ 99,900 45,007 100% 70% Direct labor 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. $440,910 215,903 117, 264 Direct materials Direct labor Manufacturing overhead 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

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. Degree of Completion Amount Prior department costs transferred in from the Molding Department Costs added by the Assembling Department Direct materials $155,400 100% $ 99,900 45,007 100% 70% Direct labor 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. $440,910 215,903 117, 264 Direct materials Direct labor Manufacturing overhead 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

FINANCIAL ACCOUNTING

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