Rondelle 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 (WIP) on April 1 had 75,000 units made up of the following: AmountDegree of CompletionPrior department costs transferred in from the Molding Department Costs added by the Assembling Department$192,000100%Direct materials$120,000100%Direct labor$43,20060%Manufacturing overhead$27,60050% Total$190,800 Work in process, April 1$382,000 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$576,000Direct labor$216,000Manufacturing overhead$113,400Total costs added$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 materials90%Direct labor70%Manufacturing overhead35%Refer to your textbook (Chapter 8 pp. 337-343) and prepare a production cost report using the weighted-average method. Use the template below (fill in the cells indicated in green) and round “Cost per equivalent unit” to 2 digits.Rondelle SuppliesAssembling DepartmentProduction Cost Report – Weighted-Average Physical UnitsTotal CostsPrior Department CostsMaterialsLaborManufacturing OverheadFlow of Production Units Units to be accounted for: Beginning WIP inventory Units started this period Total units to be accounted for Units accounted for: Units completed and transferred out: From beginning inventory Started and completed currently Total transferred out Units in ending WIP inventory Total units accounted for Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for Costs per equivalent unit: Prior department costs Materials Labor Manufacturing overhead Costs accounted for: Costs assigned to units transferred out: Prior department costs Materials Labor Manufacturing overhead Total costs of units transferred out Costs assigned to ending WIP inventory: Prior department costs Materials Labor Manufacturing overhead Total ending WIP inventory Total costs accounted for

Name: Rondelle Supplies is a manufacturer of plastic parts that uses the wei
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Description: Rondelle 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 informat

It is a process cost summaries showing the details of producing a product.

Answered: arts in three s

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 6E: Foamy Inc. manufactures shaving cream and uses the weighted average cost method. In November,...

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Rondelle 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 (WIP) on April 1 had 75,000 units made up of the following:

	Amount	Degree of Completion
Prior department costs transferred in from the Molding Department Costs added by the Assembling Department	$192,000	100%
Direct materials	$120,000	100%
Direct labor	$43,200	60%
Manufacturing overhead	$27,600	50%
Total	$190,800
Work in process, April 1	$382,000

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	$576,000
Direct labor	$216,000
Manufacturing overhead	$113,400
Total costs added	$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	90%
Direct labor	70%
Manufacturing overhead	35%

Refer to your textbook (Chapter 8 pp. 337-343) and prepare a production cost report using the weighted-average method. Use the template below (fill in the cells indicated in green) and round “Cost per equivalent unit” to 2 digits.

Rondelle Supplies
Assembling Department
Production Cost Report – Weighted-Average
	Physical Units	Total Costs	Prior Department Costs	Materials	Labor	Manufacturing Overhead
Flow of Production Units
Units to be accounted for:
Beginning WIP inventory
Units started this period
Total units to be accounted for

Units accounted for:
Units completed and transferred out:
From beginning inventory
Started and completed currently
Total transferred out
Units in ending WIP inventory
Total units accounted for

Costs to be accounted for:
Costs in beginning WIP inventory
Current period costs
Total costs to be accounted for

Costs per equivalent unit:
Prior department costs
Materials
Labor
Manufacturing overhead

Costs accounted for:
Costs assigned to units transferred out:
Prior department costs
Materials
Labor
Manufacturing overhead
Total costs of units transferred out
Costs assigned to ending WIP inventory:
Prior department costs
Materials
Labor
Manufacturing overhead
Total ending WIP inventory
Total costs accounted for

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