(Solved by Humans)-Problem 17-48 STEPS FOR A COST OF PRODUCTION REPORT The owner of Stillwater Designs was pleased...

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Problem 17-48  STEPS FOR A COST OF PRODUCTION  REPORT The owner of Stillwater Designs was pleased with the prospect of becoming an original equipment supplier to DaimlerChrysler. Stillwater designs will provide an audio package for the Dodge Neon SRT4 line. Assembling the plastic cabinets, speakers, and amplifiers for this audio package will be done in-house. Assume that Stillwater 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 percent  complete   40,000 Units completed and transferred  out 100,000 Units in process, April 30, 20 percent  complete 20,000 Costs: WIP, April 1: Plastic cabinets     $      800,000 Kicker components 8,400,000 Conversion costs 3,600,000 Costs added during April:   Plastic cabinets $ 1,600,000 Kicker components 16,800,000 Conversion costs 5,760,000   Required: 1.        Prepare a cost of production report for the assembly department for the month of April. 2.        Write a one-page report that compares the purpose and content of the cost of pro- duction report with the job-order cost sheet.