17 Assignment eBook Printem Worker Process Account Data for Two Months; Cast of Production Reports Pittsburgh Aluminum Company uses aproom cot wyshem to record the costs of manufacturing rolled aluminum, which consists of the smelting and rolling processes. Materials are entered from smelteg at the begoning of the rolling process. The mventory of Work in Process-Rolling on September 1 and debits to the account during September were as follows Bal, 1,000 units, 70% completed Direct materials (1,000 x $4.00) $4,000 Conversion (1,000 x 70% $1.90) 1,330 $5,930 From Smelting Department, 23,100 unit Direct labor $108,570 Factury overhead 27,565 14,3 During Setember 1,000 units in process on September 1 were completed, and of the 23,100 units entering the department, are completed except 1,000 units that were 40% completed Charges to Work in Frecess Rolling for October were as followe From Smelting Department, 26,00 Direct labo Factory head $130,340 36,360 19,584 Dung October, the units in prices at the beginning of the month were completed, and of the 26,600 units entering the department, all were completed except 1,300 units that were 20% completed. Work in Process Account Data for Two Months Cost of Product (burgh Aluminum Company s port ceste cand the cost of manufacturing rolled aluminum, which consist of the smelting ring prooies Materials are entered from wetting at the begining of the ruling process. The inventory of Work in Process-Ring on September 1 and debts to the account during September were as follow bal, 1,000 uns 70% complet Direct materials (1000 x 94.60) C (1,000 70% $1.90) $4,000 1,338 $5,000 Trum Smelting Department, 23,100 un Debor Fadery overhead During September, 100 ns in ting for October were as fu From Smelting Department, 26,400 D $100,570 27.065 14,43 Tactory overhead en September 1 were completed, and of the 23,100 ones ateng the department, we were deedegt 100 stat were 0% campad Charges to Work at Process $130,340 36,360 1,564 Required 1. Enter the balance as of Sepander 1 in a form account for Work Pressing cunt the debts and the credes in the act for Dejenter Construck a com deter (a) of ton for matenais and corern, (h) c (0) cst of finished, differentiating between uns started in the perpt and its started and feed in 17 Assignment Required: 1. Enter the balance as of September 1 m 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 conversion, (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 POST. REF. DEBIT CREDIT DEBIT CREDIT DATE ITEM Sept. A Tal, 1,000 unes 70% completed Sept. 30 Smiting Dept, 23,100 units at $4.7 Sept 30 Dend labor Sept. 30 factory overhead Sep 30 Fished goods Sept. 301 Bel, 1,800 uns, 40% ted Ch. 17 Assignment eBook Print Item 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 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 1 Started and completed in October Transferred to finished goods in October Inventory in process, October 31 Total units to be assigned costs Whole Units Equivalent Units Direct Materials (a) Conversion (a) 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 September 30 Units 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 Whole Units Equivalent Units Direct Materials (a) Conversion (a) 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 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 Department Direct Materials Costs Conversion Total Costs 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, and present the October computations (a through part (1) If an amount box does not requee an entry, leave a blank ACCOUNT Work in Process Rolling Department DATE October 1 Balance October 31 Selling Dept, 26,500 $4.9 October 31 Direct labe October 31 Factory overhead October 31 Finished goods October 31 Bal, 1,300 unes 20% med ACCOUNT NO. Balance POST, R DEBIT CREDIT DEBIT CREDIT Costs Costs Direct Materials Conversion Total Costs EBOOK Printem Cost per equivalent unit: Total costs for September in Rolling Department Total equivalent units Cost per equivalent unit (b) Costs assigned to production: Inventory in process, September 1 Costs incurred in September Total costs accounted for by the Rolling Department Costs allocated to completed and partially completed units: Inventory in process, September 1 balance (c) To complete inventory in process, September 1 (c). Cost of completed September 1 work in process Started and completed in September (c) transferred to finished goods in September (c) Inventory in process, September 30 (d) Total costs assigned by the Rolling Department