Crosby Company has several processing departments. Costs charged to the Assembly Department for October 2010 totaled ($
Question:
Crosby Company has several processing departments. Costs charged to the Assembly Department for October 2010 totaled \(\$ 1,354,400\) as follows.
Production records show that 25,000 units were in beginning work in process \(40 \%\) complete as to conversion cost, 415,000 units were started into production, and 40,000 units were in ending work in process \(60 \%\) complete as to conversion costs. Materials are entered at the beginning of each process.
Instructions:
(a) Determine the equivalent units of production and the unit production costs for the Assembly Department.
(b) Determine the assignment of costs to goods transferred out and in process.
(c) Prepare a production cost report for the Assembly Department.
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Related Book For 
Accounting Tools For Business Decision Making
ISBN: 9780470377857
3rd Edition
Authors: Paul D. Kimmel
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