Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help I need to Determine of costs to good transfered out and in process {b} Determine the assignment of costs 'to goods transferred out

Please help I need to Determine of costs to good transfered out and in process

image text in transcribedimage text in transcribedimage text in transcribed
{b} Determine the assignment of costs 'to goods transferred out and in process. Costs amounted for: Transferred out Work in process, November 3!] Materials Conversion costs Total costs Attempts: 0 of ? used Rivera Companyr has several processing departments. |Costs charged to the Assembly Department for November 2020 totaled $ 2,293,314 as fol lows. Workin process,l"~lovember 1 Materials $ 99,300 Conversion costs 43,900 $ 123,200 Materials added 1,593,540 Labor 225,900 Overhead 340,394 Production reoords show that 34,300 units were in beginning work in process 3095 complete as to conversion costs. 334,300 units were started into production, and 25,400 units were in ending work in prooess 4096 oomplete as to conversion costs. Materials are entered at the beginning of each process. {a} 9/ Your answer is correct. Determine the equivalent units of production and the unit production costs for the Jifitssemhl'a.r Department. {Round unit costs to 2 decimoi pieces, as. 2.25.} Materials Conversion Costs Equwalent UI'IItS 599 1.30 53335:: Cost per unIt 2.40

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

Accounting A Pathway Into The World Of Business And Data Analytics

Authors: Carl S. Warren, Jefferson P. Jones, William Tayler

29th Edition

0357899644, 9780357899649

More Books

Students also viewed these Accounting questions