Question
For this problem we have to put it in like the book shows examples, for instance how they have 3 colums one with physical units
For this problem we have to put it in like the book shows examples, for instance how they have 3 colums one with physical units direct materials and conversion cost with the lables for things on the left saying where they go and what their for. I need help on this, its hard for me to understand and i would really appriciate it if the person who works on this problem could explain to me what and how you got the numbers and make the actual production cost report.
Amy Electronics makes game consoles in three processes: assembly, programming, and packing. Direct material are added a the beginning of the assembly process. Conversion cost are incurred evenly throughout the process. The assembly department had no work in process inventory on october 31. In mid- november, amy electronics started production on 101,000 game consoles. Of this number, 76,900 game consols were assembled during November and transfered out to the programming department. The november 30 work in process inventory in the assembly department was 35% of the way through the assembly process. Direct materials costing 375,720 were placed in production in assembly during november, direct labor of 157,500 was assigned, and manufacturing overhead of 98,505 was allocated to that department.
1.Prepare a production cost report for the Assembly Department for november. The company uses the wighted average method.
2.Prepare a T-account for work in process inventory-Assembly to show its activity during november, including the november balance.
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