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Ivanhoe Company has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled $2,297,376 as follows. Work in process,
Ivanhoe Company has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled $2,297,376 as follows. Work in process, November 1 Materials $79,100 Conversion costs 48,800 $127,900 Direct materials added during November 1,601,380 Direct labor incurred during November 226,000 Manufacturing overhead assigned during November 342,096 $2,297,376 Production records show that 35,400 units were in beginning work in process 30% complete as to conversion costs, 664,800 units were started into production, and 24,600 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, e.g. 2.25.) Equivalent Units Cost per unit $ Materials Conversion Costs 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 O decimal places, eg. 125.) Quantities Units to be accounted for Work in process, November 1 Started into production Total units Units accounted for Completed and transferred out IVANHOE COMPANY Assembly Department Production Cost Report For the Month Ended November 30, 2022 Physical Units Materials Equivalent Units Conversion Costs Units accounted for Completed and transferred out Work in process, November 30 Total units Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Materials S $ $ Conversion Costs. I Costs to be accounted for Work in process, November 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Completed and transferred out Work in process, November 30 Materials Conversion costs Total costs
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