Wrangler, producing the desired factory-installed appearance. Speaker cabinets and associated Kicker components are added at the beginning of the assembly process. Assume that Stillwater Designs uses the weighted average method to cost out the audio package. The following are cost and production data for the assembly process for April:

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Recently, Stillwater Designs expanded its market by becoming an original equipment supplier to Jeep Wrangler. Stillwater Designs produces factory upgraded speakers specifically for Jeep Wrangler. The Kicker components and speaker cabinets are outsourced with assembly remaining in house. Stillwater Designs assembles the product by placing the speakers and other components in cabinets that define an audio package upgrade and that can be placed into the Jeep Wrangler, producing the desired factory-installed appearance. Speaker cabinets and associated Kicker components are added at the beginning of the assembly process.

Assume that Stillwater Designs uses the weighted average method to cost out the audio package. The following are cost and production data for the assembly process for April:

  Production:    
  Units in process, April 1, 60% complete 60,000  
  Units completed and transferred out 150,000  
  Units in process, April 30, 20% complete 30,000  
  Costs:    
  WIP, April 1:    
    Cabinets $1,200,000
    Kicker components 12,600,000
    Conversion costs 5,400,000
  Costs added during April:    
    Cabinets $2,400,000
    Kicker components 25,200,000
    Conversion costs 8,640,000

 

4. Calculate the cost of units transferred out and the cost of EWIP inventory.
Cost of units transferred out
Cost of ending work in process
5. Prepare a cost reconciliation for the assembly department for the month of April.
Assembly Department
Cost Reconciliation
For the Month of April
Costs to account for:
Beginning work in process
Incurred during April
Total costs to account for
Costs accounted for:
Goods transferred out
Goods in ending work in process
Total costs accounted for
Transcribed Image Text:4. Calculate the cost of units transferred out and the cost of EWIP inventory. Cost of units transferred out Cost of ending work in process 5. Prepare a cost reconciliation for the assembly department for the month of April. Assembly Department Cost Reconciliation For the Month of April Costs to account for: Beginning work in process Incurred during April Total costs to account for Costs accounted for: Goods transferred out Goods in ending work in process Total costs accounted for
1. Prepare a physical flow analysis for the assembly department for the month of April.
Assembly Department
Physical Flow Analysis
For the Month of April
Units to account for:
Units in beginning work in process
Units started during the period
Total units to account for
Units accounted for:
Units completed and transferred out:
Started and completed
From beginning work in process
Units in ending work in process
Total units accounted for
2. Calculate equivalent units of production for the assembly department for the month of April.
Cabinets
equivalent units
Components
equivalent units
Conversion
equivalent units
3. Calculate unit cost for the assembly department for the month of April.
Per Unit
Cabinets
Components
Conversion
Total
Transcribed Image Text:1. Prepare a physical flow analysis for the assembly department for the month of April. Assembly Department Physical Flow Analysis For the Month of April Units to account for: Units in beginning work in process Units started during the period Total units to account for Units accounted for: Units completed and transferred out: Started and completed From beginning work in process Units in ending work in process Total units accounted for 2. Calculate equivalent units of production for the assembly department for the month of April. Cabinets equivalent units Components equivalent units Conversion equivalent units 3. Calculate unit cost for the assembly department for the month of April. Per Unit Cabinets Components Conversion Total
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