Tuesday, 13 October 2020

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.

 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 119,000 units made up of the following.

 

During April, 519,000 units were transferred in from the Molding Department at a cost of $768,120. The Assembling Department added the following costs.

 

Assembling finished 419,000 units and transferred them to the Packaging Department.

 

At April 30, 219,000 units were still in work-in-process inventory. The degree of completion of work-in-process inventory at April 30 was as follows.

 

 

 


 Explanation

 

 

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