Kansas Supplies is a manufacturer of plastic parts that uses the weighted-averag

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 75,000 units made up of the following: Degree of Amount Completion Prior department costs transferred in from the Molding Department_S 192,000 100% Costs added by the Assembling Department Direct materials Direct labor Manufacturing overhead S 120,000 43,200 100% 60% 50% S 190,800 S 382,800 Work in process, April 1 During April, 375,000 units were transferred in from the Molding Department at a cost of $960,000. The Assembling Department added the following costs Direct materials Direct labor Manufacturing overhead Total costs added $ 576,000 216,000 113.400 $ 905,400 Assembling finished 300,000 units and transferred them to the Packaging Department. At April 30, 150,000 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 Direct labor Manufacturing overhead 90% 70 35

Explanation / Answer

Solution:

Kansas Supplier Assembling Department Computation of Equivalent unit (FIFO) Particulars Physical units Prior department costs Material Labor Manufacturing Overhead Units to be accounted for: Beginning WIP Inventory 75000 Units started this period 375000 Total unit to be accounted for 450000 Units Accounted for: Units completed and transferred out From beginning inventory
Prior department and material - 0%
Labor - 40%
Overhead - 50% 75000 0 0 30000 37500 Started and completed currently 225000 225000 225000 225000 225000 Units in ending WIP
Prior department - 100%
Material - 90%
Labor - 70%
Overhead - 35% 150000 150000 135000 105000 52500 Total units accounted for 450000 375000 360000 360000 315000

Related Questions

Navigate

• Browse (All)
• Browse K
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.