Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 10 of 10 > 2 HI Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2.292.384 as

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 10 of 10 > 2 HI Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2.292.384 as follows Work in process, November 1 Materials Conversion costs Materials added Labor Overhead $78,900 48,300 S127 200 1.598,460 225.200 341 524 Production records show that 35.200 units were in beginning work in process 30% complete as to conversion costs, 663.700 units were started into production, and 25 900 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process (a) Determine the equivalent units of production and the unit production costs for the Assembly Department (Round unit costs to 2 decimal places es 225) Materials Conversion Costs Equivalent Units Cost per unit 5 (b) Determine the assignment of costs to goods transferred out and in process Costs accounted for: Transferred out Work in process, November 30 Materials $ Conversion costs Total costs e Teythonban RIVERA COMPANY Assembly Department Production Cost Report For the Month Ended November 30, 2020 Equivalent Units Conversion Materials Costs Physical Units Quantities Units to be accounted for Work in process November 1 Started into production Total units Units accounted for Transferred out Workin process November 30 Total units Conversion Costs Materials Costs Unit costs $ Total Costs Equivalent units $ Unit costs $ Costs to be accounted for Work in process November 1 Started into production Total costs $ Cost Reconciliation Schedule Cost Reconciliation Schedule Costs accounted for Transferred out Work in process November 30 Materials Conversion costs $ Total costs Textbook and Media

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 Ethics

Authors: Ronald F. Duska, Brenda Shay Duska, Kenneth Wm. Kury

3rd Edition

1119118786, 9781119118787

More Books

Students also viewed these Accounting questions