Steps for a Production Report Recently, Stillwater Designs expanded its market b

Question

Steps for a Production Report Recently, Stillwater Designs expanded its market by becoming an oniginal equipment supplier to Jeep Wrangler Stillwater Designs produces factory upgraded speakers specfically for Jeep Wrangler. The Kocker components and speaker Jeep Wrangler, producing the desired factory-installed appearance. Speaker cabinets and associated Kicker components are added at the begirnning of Assume that Sillwater Designs uses the weighted average method to cost out the audio package. The following are cost and production data for the assenbly process for Apri: s and other compornents in cabinets that define an audio package upgrade and that can be placed into the essembly bly process. Units in process, April 1, 6096 complete Units completed and transferred out Units in process, April 30, 20% complete Costs: 60,000 150,000 WIP. April 1 Cabinets Kicker components Conversion costs $1,200,000 12,600,000 5,400,000 Costs added during April: Cabinets Kicker components Conversion costs $2,400,000 25,200,000 8,640,000 Required: Prepare a production report for the assembly department for the month of Apnit. If an amount box does not require an entry, leave it blank or enter "0"

Explanation / Answer

Unit information: Physical flow: Units to account for: Units in Bwip 60000 Units started 150000 Total units to account for 210000 Units accounted for: Units completed 180000 Units in EWIP 30000 Total units accounted for 210000 Equivalent units: Cabinets Components Conversion Units completed 180000 180000 180000 Units in EWIP 30000 30000 6000 Equivalent units 210000 210000 186000 Cost information : Costs to account for: Cabinets Components Conversion Total BWIP 1200000 12600000 5400000 19200000 Incurred during april 2400000 25200000 8640000 36240000 Total costs to account for 3600000 37800000 14040000 55440000 Equivalent units 210000 210000 186000 Cost per equivalent unit 17.1 180.0 75.5 Costs accounted for: Transferred out EWIP Total Cabinets 3085714.286 514285.7143 3600000 Components 32400000 5400000 37800000 Conversion 13587096.77 452903.2258 14040000 Total costs accounted for 49072811.06 6367188.94 55440000

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