Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2.281,320 as follows. Work in

Current Attempt in Progress Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2.281,320 as follows. Work in process, November 1 Materials Conversion costs Materials added Labor Overhead $79,400 48,500 $127,900 1,589,560 226.000 337,860 Production records show that 34,900 units were in beginning work in process 30% complete as to conversion costs, 660,500 units were started into production, and 25,000 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process. Determine the equivalent units of production and the unit production costs for the Assembly Department. (Round unit costs to 2 decimal places, eg. 2.25) Equivalent Units Cost per unit $ eTextbook and Media Materials $ Conversion Costs Determine the assignment of costs to goods transferred out and in process. Costs accounted for: Transferred out $ Determine the assignment of costs to goods transferred out and in process Costs accounted for: Transferred out Work in process, November 30 Materials $ Conversion costs Total costs eTextbook and Media $ Prepare a production cost report for the Assembly Department. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to O decimal places, eg. 125.) Quantities Units to be accounted for Work in process, November 11 Started into production Total units Physical Units RIVERA COMPANY Assembly Department Production Cost Report For the Month Ended November 30, 2020 Equivalent Units Materials Conversion Costs Units accounted for Transferred out Work in process, November 30 Total units Costs Unit costs Total Costs Equivalent units Materials Conversion Costs Question 2 of 3 Total units Costs Unit costs Total Costs Equivalent units Unit costs Casts to be accounted for Workin process, November 1 < > Conversion Materials Costs -/4 E Question 2 of 3 Costs to be accounted for Work in process, November 1 Started into production Total costs -/4 Cost Reconciliation: Schedule Costs accounted for Transferred out Work in Question 2 of 3 accounted for Transferred out Workin process, November 30 -14 Materials Conversion costs Total costs eTextbook and Media E

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Simplifying Finance And Accounting Function

Authors: Mr. Dauji Gupta

1st Edition

9353467276, 978-9353467272

More Books

Students also viewed these Accounting questions

Question

1. Write down two or three of your greatest strengths.

Answered: 1 week ago

Question

What roles have these individuals played in your life?

Answered: 1 week ago

Question

2. Write two or three of your greatest weaknesses.

Answered: 1 week ago