Assume that Still water 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 unnamed out 150,000 Unit] in process, April 30. 2094 complete 30.000 Costs: W1P. April
1: Cabinets S 1200.000 Kicker components 12.600.000 Concession costs 5.400,000 Costs added during April: Cabinets S 2,900.000 Kicker components 25200.000 Conversion costs 8.640,000
Required: I. Prepare a physical flow analysis for the assembly department for the month of April.
2. Calculate equivalent units of production for the assembly department for the month of April.
3. Calculate unit cost for the assembly department for the month of April.
4. Calculate the cost of units transferred out and the cost of EWIP inventory.
5. Prepare a cost reconciliation for the assembly department for the month of April.
