01-Managerial Accounting... eBook Work in Process Account Data For Two Months: Cost Chegg.com CangageNOWv2 Online teaching and learning resource from Cengage Learning Work in Process Account Data for Two Months; Cost of Production Reports Pittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum, which consists of the smelting and rolling precesses Materials are entered from smelting at the beginning of the rolling process. The inventory of Work in Process-Rolling on September 1 and debits to the art during September were as follows: Bal, 2,600 units, completed: Direct materials (2,600 x $15.50) Conversion (2,600 x $8.50) $40,300 5,525 $45,825 From Smelting Department, 28,900 units $462,400 Direct labor 158,920 Factory overhead 101.402 During September, 2,400 units in process on September 1 were completed, and of the 28 were 4/5 completed Charges to Work Processing for Odaber were as follow From Smating Department, 31.000 units Fachary head Cheick Hy Work S1500 16 115-601-Managerial Accounting Book v2.cengagenow.com Work in Process Account Data For Two Months, Cael Chagg.com CengageNOWV Online teaching and leaming resource from C inced folder During October, the units in process at the beginning of the month were completed, and of the 31,000 units entering the department, all were completed ex units that were 2/5 completed. Required: 1. Enter the balance as of September 1 in a four-column account for Work in Process-Roling. Record the debts and the credits in the account for September Con a cost of production report and present computations for determining (a) equivalent unts of production for materials and conversion, (8) cost of goods finished, offerentiating between units started in the prior period and units started and finished in September, and (0) work in press inventory an amount box does not require an entry, leave it blank ACCOUNT Work in Process-Rolling Department ACCOUNT NO. BALANCE DATE Sept 1 ITEM POST. REF DEBIT CREDIT Bel, 2.000 units, 1/4 completed DEBIT 45.425 CREDIT Sept. 30 Smelting Dept 20.900 units at $16.0 462,400 225 Sept 30- Det ber 20 201402 367,047 Sept 30 Fished gode C-115-601-Managerial Accounting Book v2.ca.com Work in Process Account Data For Two Men Cast.com Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended September 301 Units unts charged to production Whole Units Equivalent Units Direct Material() Conversion (A) Inventory in process, September 1 2,000 Received from Smelting Department 24,900 Total units accounted for by the Rolling Department 31.500 Units to be assigned c Inventory in process 2,000 Started and completed in September 300 Transferred to shed goods in September Inventory in proces September 30 Check My Work CheckMy Cont DO 00 Cengage teaching and gige Laming Costs Cost per equivalent unit Total costs for September in Rolling Department Total equivalent units Cost per quintus (B) Casts assigned to production Costs incurred in September Total coats accounted for by the Ruling De Costs acated to completed and partially competed unt Inventory in process, Septenter 1 balance To complete inventory in process, September 100 tal staged by the Ruling Departmen Costs Direct Materials Conversion Total Co 2. Provide the same information for October by recording the October transactions in the four-column work in process account. Construct a cost of production report, an present the October computations (a through d) listed in part (1). If an amount box does not require an entry, leave it blank. ACCOUNT Work in Process-Rolling Department DATE ITEM Oct. 1 Balance Oct. 31 Smelting Dept, 31,000 units at $16.50/unit Oct. 31 Direct labor Oct. 31 Factory overhead Oct. 31 Finished goods Oct. 31 Bal, 2,000 units, 2/5 completed ACCOUNT NO. Balance POST. REF. DEBIT CREDIT DEBIT CREDIT If an amount is zero, enter in a zero "0", Round cost per unit answers to the nearest cent Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended October 31 Whole Units Direct Equivalent Units Conversion Check My Work 3 more Check My Working Saving Emal inputsve Love and Sat Nuts on 3-29- 2022 Let Book Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended October 31 Units Units charged to production Inventory in process, October 1 Received from Smelting Department Total units accounted for by the Rolling Department Units to be assigned costs Inventory in process, October 11 Started and completed in October Transferred to finished goods in October Inventory in process, October 31 Total units to be enc Check My Mom Check My Verk Whole Units Equivalent Units Direct Materials (a) Conversion (a) 20 Cente Costs Cost per equivalent unit: Total costs for October in Rolling Department Total equivalent units Cost per equivalent unit (b) Costs assigned to production: Inventory in process, October 1 Costs incurred in October Total costs accounted for by the Rolling Department Costs allocated to completed and partially completed units: Inventory in process, October 1 balance (c) To complete inventory in process, October 1 (c) Cost of completed October 3 work in process Started and completed in October ( Transferred to finished goods in October ( Inventory in process, October 31 10 Total costs assigned by the Ruling Department Check My Workmo Chack My Work Costs Direct Materials Conversion Total Costs TA... Total equivalent units Cost per equivalent unit (b) Costs assigned to production: Inventory in process, October 1 Costs incurred in October Total costs accounted for by the Rolling Department Costs allocated to completed and partially completed units: Inventory in process, October 1 balance (c) To complete inventory in process, October 1 (c) Cost of completed October 1 work in process Started and completed in October (c) Transferred to finished goods in October (c) Inventory in process, October 31 (d) Total costs assigned by the Rolling Departm 3. The cost per eqvwent unt for direct materials increased August to October These changes should from August to October The cost per event unters be investigated for their underlying causes, and any necessary comective acts out be Oeck My Work Check My W Reference