Chapter 17 Process Cost Systems PR 17-4B Work in process account data for two months; cost of production reports erred Pittsburgh Aluminum s in rolled aluminum, which consists of the smelting and rolling processes. Mate from smelting at the beginning of the rolling process. The inventory of Work in ing on September 1 and debits to the account during Septem company uses a process cost system to record the costs of manufa rials are e rocess- 2,195 ber were as follows: Bal, 2,600 units, 4 completed: EMPLATE Direct materials (2,600 x $15.50) Conversion (2,600 x 4 x $8.50) $40,300 $45,825 From Smelting Department, 28,900 units Direct labor $462,400 158,920 Factory overhead 101,402 During September, 2,600 units in process on September 1 were completed, and of the 2 units entering the department, all were completed except 2,900 units tha Charges to Work in Process-Rolling for October were as follows: t were comple From Smelting Department, 31,000 units Direct labor 511,500 162,850 Factory overhead 104,494 During October, the units in process at the beginning of the month were completed, and the 31,000 units entering the department, all were completed except 2,000 units that were completed. Instructions of September 1 in a four-column account for Work in Pro Record the debits and the credits in the account for September f production report and present computations for determining ials and conversion, (B) costs per equivalen 1. Enter the balance as September cess-Rolling. Construct a cost production (A) equivalent units of production for mater unit.(C) cost of goods finished, differentiating between units started in the prior period anc units started and finished in September, and (D) work in proces s inventory rmation for October by recording the October transactions in the process account. Construct a cost of production report, and present 2. Provide the same info four-column work in the October computations (A through D) listed in part (1) the change in costs per equivalent unit for August through 3. October for direct materials and conversion cost. Appendix 5B Cost of production report: average cost method manufactures flour by a series of three processes, beginning in Millin m the Milling Department, the materials pass through the Sifting Blue Ribbon Flour Company g Dept. the Milling Department. From 554,000 and erred to departments, emerging as packaged refined flour. Packaging epasaccount Work in Process-Sifting Department was as follows on May 1 Work in Process-Sifting Department (1,500 units, 75% completed) S3400