Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Will you please help with the cost report? Formulas used would be very helpful! Thank you Problem 2146 Care Conpery tas several procesing departments Contes
Will you please help with the cost report? Formulas used would be very helpful! Thank you
Problem 2146 Care Conpery tas several procesing departments Contes charged to the facerby Department for November 2010 terak: 12,293.3. as tehons Work in povember Materas $78,300 Corso casts 49,000 $127,300 Vaserade 1.564.2020 Laber 25,800 Overhead 340,928 Prepare a production cost report for the Assembly Department. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to decimal places, e.g. 125. CRANE COMPANY Assembly Department Production Cost Report For the Month Ended November 30, 2020 Equivalent Unita Physical Conversion Quantities Units Materials Coats Units to be accounted Work in process, November 1 78800 Started into production 1599200 Total units 1678030 Production recards show that 34,700 units wore it beginning work in proces compares to conversion costs, 664,500 is were stated into production, and 25,100 units were in ending work in proces 40% carpeete carwesenco. Materials are entered the beginning of each process Units accounted for Transferred out Work in process, November Determine the cut unts et production and the unt predados for the Department. (Roundunt costs to 2 decimal places, eg.2.25) Artsy (2 , ) Materials Conversion Costs Eulents E99 200 Total unit Conversion Costs 24 19 Materials Total 5 Costs Unito 5 1 Total Costs Equivalent units Determine the assignment of costs to goods transferred out and in process Unit costs $ Costs accounted for 2224530 $ Transferred out Work in process, Movember 31 Costs to be accounted for Work in process, November 1 Started into production Materials 6.240 Total costs $ Corcos 9036 69276 Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, November 20 Materials Totalcasts 2298926 Conversion costs Total costsStep 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