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Avery Electronics makes game consoles in three processes: assembly, programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs
Avery Electronics makes game consoles in three processes: assembly, programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs are incurred evenly throughout the process. The Assembly Department had no Work-in-Process Inventory on October 31. (Click the icon to view additional information.) Read the requirements. Requirement 1. Prepare a production cost report for the Assembly Department for November. The company uses the weighted average method. (Complete all answer boxes. Enter a "0" for any zero balances. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production) Avery Electronics Production Cost Report-Assembly Department Month Ended November 30 Equivalent Units Physical Direct Conversion Units Materials Costs UNITS Units to account for: Completed and transferred out Ending work-in-process 1 Total units to account for Units accounted for Total units accounted for Choose from any list or enter any number in the input fields and then click Check Answer In mid-November, Avery Electronics started production on 110,000 game consoles. Of this number, 80,000 game consoles were assembled during November and transferred out to the Programming Department. The November 30 Work-in-Process Inventory in the Assembly Department was 40% of the way through the assembly process. Direct materials costing $418,000 were placed in production in Assembly during November, direct labor of $165,000 was assigned, and manufacturing overhead of $110,080 was allocated to that department
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