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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 processes. 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 account during September were as follows: Bal., 1,200 units, 60% completed: Direct materials (1,200 x $6.20) $ 7,440 Conversion (1,200 x 60% x 52.60) 1,872 $ 9,312 From Smelting Department, 27.360 units $172,368 Direct labor 43,805 Factory overhead 23,587 During September, 1,200 units in process on September 1 were completed, and of the 27,360 units entering the department, all were completed except 2,400 units that were 20% completed. Charges to Work in Process- Rolling for October were as follows: From Smelting Department, 31,500 units $204,750 Direct labor 60,240 Factory overhead 32,440 During October, the units in process at the beginning of the month were completed, and of the 31,500 units entering the department, all were completed except 1,600 units that were 80% completed: Required: 1. Enter the balance as of September 1 In a four-column account for Work in Process-Rolling. Record the debits and the credits in the account for September. Construct a cost of production report and present computations for determining (a) equivalent units of production for materials and convection, (b) costs per equivalent unit, (c) cost of goods finished, differentiating between units started in the prior period and units started and finished in September, and (d) work in process inventory. If an amount box does not require an entry, leave it blank. ACCOUNT Work in Process-Rolling Department ACCOUNT NO. BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Sept. 1 Bal., 1,200 units, 60% completed Sept. 30 Smelting Dept., 27,360 units at $6.3 Previous Next Sept. 30 Direct labor Sept. 30 Factory overhead Sept. 30 Finished goods Sept. 30 Bal., 2,400 units, 2096 completed If an amount is zero, enter in a zero "O". Round cost per unit answers to the nearest cent. Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended September 30 Whole Units Equivalent Units Direct Units Conversion (a) Materials (a) Units charged to production: Inventory in process, September 1 Received from Smelting Department Total units accounted for by the Rolling Department Units to be assigned costs: Inventory in process, September 1 Started and completed in September Transferred to finished goods in September Inventory in process, September 30 Total units to be assigned costs Costs Inventory in process. Sentember 30 Total units to be assigned costs Costs Costs Direct Materials Conversion Total Costs Cost per equivalent unit: Total costs for September in Rolling Department Total equivalent units Cont per equivalent unit) Costs assigned to production: Inventory in process. September Costs incurred in September Total costs accounted for by the Rolling Department Costs alioceed to completed and partially completed units: Inventory in process, September 1 balenos) To complete Inventory in process, September 1 (c) Cost of completed September I work in process Started and completed in September (c) Transferred to finished goods in September (6) Inventory in process, September 30 (d) Check My Work Mastery Problem: Process Cost Systems Grainy Goodness Company Grainy Goodness Company manufactures granola cereal by a series of three processes, beginning materials such as oats, sweeteners, and nuts being introduced in the Mixing Department. From the Mrang Dasartment, the matenels pass through the Baking and Packaging departments, emerging as boxed granola cereal ready for shipment to retail outlets. Direct materials are added at the beginning of each process, and conversion costs ara incurred evenly throughout production in each department During March, the President and sole stockholder, Jonathan Groat reviewed the cost of Production Report for the Mixing Department. He is concerned that the Mixing Department may not be operating efficiently and asks for your help. Cost of Production Jonathan has noticed that his production manager has omitted some of the data on the cost of production. Determine the missing information. If there is no amount or an amount is zero, entero" Round your per-unit computations to the nearest cent, if required. Grainy Goodness Company Cost of Production Report-Mixing Department For the Month Ended March 31 Unit Information 2,000 Units charged to production: Inventory in process, March : Received from materials storeroom 38,000 40,000 Total units accounted for by the Mixing Department Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion 2,000 Inventory in process, March 1 40% completed) 35,000 35,000 95,000 Started and completed in March Transferred to Baking Department in March 37,000 3,000 Inventory in process, March 31 (90% completed) 40,000 Total units to be assigned costs Previous Assignment 7-Homework Print Item Whole Units Direct Materials Conversion Inventory in process, March 1 (40% completed) 2,000 Started and completed in March 35,000 35,000 35,000 Transferred to Baking Department in March 37,000 Inventory in process, March 31 (90% completed) 3,000 Total units to be assigned costs 40,000 Cost Information Cost per equivalent unit: Direct Materials Conversion 540,660 $36,955 Total costs for March in Mixing Department > Total equivalent units Cost per equivalent unit s Costs assigned to production: Direct Materials Conversion $2,200 $600 Total Inventory in process, March 1 $2,800 Costs incurred in March 77.615 $80,415 $2,800 Total costs accounted for by the Mixing Department Cost allocated to completed and partially completed units: Inventory in process, March 1-balance To complete Inventory in process, March 1 Cost of completed March 1 work in process Started and completed in March 1,140 1,140 $3,940 70,700 37,450 33,250 Transferred to Baking Department in March Inventory in process, March 31 3,210 2,565 Total costs assigned by the Mixing Department $