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Please help! Lori Electronics Production Cost Report-Assembly Department Month Ended November 30 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for
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Lori Electronics Production Cost Report-Assembly Department Month Ended November 30 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for Beginning work-in-process Started in production Total units to account for Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for Direct Conversion Total Materials Costs Costs COSTS Costs to account for Beginning work-in-process Costs added during the period Total costs to account for Divided by: Total EUP Cost per equivalent unit Costs accounted for Completed and transferred out Ending work-in-process Total costs accounted for Requirement 2. Prepare a T-account for Work-in-Process inventory-Assembly to show its activity during November, including the November 30 balanc Work-in-Process Inventory-Assembly Bal. Oct. 31 Transferred to Programming Direct materials Direct labor Manufacturing overhead Bal. Nov. 30 Lori Electronics makes game consoles in three processes: assembly, programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs are incurred evenly throughout the process. The Assembly Department had no Work-in-Process Inventory on October 31. In mid-November, Lori Electronics started production on 125,000 game consoles Of this number, 95,800 game consoles were assembled during November and transferred out to the Programming Department. The November 30 Work-in-Process Inventory in the Assembly Department was 25% of the way through the assembly process. Direct materials costing 5437,500 were placed in production in Assembly during November, direct labor of $200,800 was assigned, and manufacturing overhead of $134,275 was allocated to that department
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