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Determine the assignment of costs to goods completed and transferred out and to work in process for November. Costs accounted for: Transferred out Work in
Determine the assignment of costs to goods completed and transferred out and to work in process for November. Costs accounted for: Transferred out Work in process, November 30 Materials Conversion costs Total costs $ (c) Your Answer Correct Answer (Used) Prepare a production cost report for the Assembly Department for November 2022. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.] ORIOLE COMPANY Assembly Department Production Cost Report For the Month Ended November 30, 2022 Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, November 1Sheridan Co mpanv has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled $2,290,566 as follows. Work in process, November 1 Mate rials $29,500 Conversion costs 48,400 $121900 Direct materials added during November 1,596,420 Direct labor incurred during November 226,000 Manufacturing overhead assigned during November 340,246 $2,290,566 Production records show that 34,900 units were in beginning work in process 30% complete as to conversion costs, 663,400 units were started into production, and 25,600 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process. (ail | x Youranswerisincorrecl; | Determine the equivalent units of production and the unit production costs for the Assembly Department. [Round unit costs to 2 decimal places, 9.3. 2.25.} Materials Conversion Costs Equivalent Units 34900 48400 Cost per unit $ 104?:- $ 1452:)
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