Rivera Company has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled $2,280,000 as follows. 

Production records show that 35,000 units were in beginning work in process 30% complete as to conversion costs, 660,000 units were started into production, and 25,000 units were in ending work in process 40% complete as to conversion costs. Materials are added at the beginning of each process, and conversion costs are incurred uniformly throughout the 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 completed and transferred out and to work in process for November.

c. Prepare a production cost report for the Assembly Department for November 2022. 

Transcribed Image Text:

Work in process, November 1 Materials Conversion costs Direct materials added during November Direct labor incurred during November Manufacturing overhead assigned during November $79,000 48,150 $ 127,150 1,589,000 225,920 337,930 $2,280,000