Question
Sandhill Company has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled $2,311,108 as follows. Work in process,
Sandhill Company has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled $2,311,108 as follows.
Work in process, November 1 | ||||
Materials | $79,400 | |||
Conversion costs | 48,900 | $128,300 | ||
Direct materials added during November | 1,620,410 | |||
Direct labor incurred during November | 225,200 | |||
Manufacturing overhead assigned during November | 337,198 | |||
$2,311,108 |
Production records show that 34,700 units were in beginning work in process 30% complete as to conversion costs, 659,100 units were started into production, and 24,300 units were in ending work in process 40% complete as to conversion costs. Materials are added at the beginning of each process, and conversion costs are incurred uniformly throughout the process.
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 0 decimal places, e.g. 125.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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