Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please solve in table with working notes ABC Company has several processing departments. Costs to be accounted for in the assembly department for October were,
please solve in table with working notes ABC Company has several processing departments. Costs to be accounted for in the assembly department for October were, 51,202,400 Work in Process inventory, Oct 1 $29,000 Direct Materials $16,500 Conversion Costs \$916,000 Direct Materials Added During Oct $100,000 Direct Labour $140,900 Manufacturing Overhead 25,000 units were in beginning work in process. 425,000 units started this month. 35,000 units in ending inventory. 4096 complete in terms of conversion costs. 100% of Direct Materials are added at the start. Instructions A. Determine the equivalent units of production and unit production costs for the assembly department. B. Determine the assignment of costs to goods completed and transferred out, and work in process inventory. C. Prepare a production cost report for the assembly department for October
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started