Work in Process Account Data for the Months Cost of Production Reports Metsburgh Aluminum Company uses a cort system to record the cost of manufacturing veiled aluminum, which consists of the meting and rolling cesses Materials are entered from reling the beginning of the rolling process. The inventory of work in Process --Roling on September 1 and debts to the cont during September were as follows: al., 800 units, 20% completed Direct materials (800 57.20) 55,760 Conversion (800 209 x 13.00) 36,240 From Smelting Department, 17,640 units $130,232 Direct labor 34,476 Factory overhead 18,564 During September, 100 units in process on September I were completed, and of the 17,840 units entering the department, all were completed Icept 2,000 units that were 60% completed. Ourges to work in Procent-Roling for October were as follows: from Smering Department, 20,500 units $153,750 Director 44,100 Factory overhead 23,740 During October, the units in process at the beginning of the month were completed, and of the 20.500 units antering the department, al were completed except 1.000 unts that were so compete Required 1. Enter the balance of September 1 in a four column account for work in Processoling. Record the debits and the credits in the account for September. Construct a cost of production report and present corrotations for determining (a) equivalents of production for materials and conversion (1) costa per equivalent unt, id cost of goods Preshed. Offerentiating between units started the prepared and unta started and finished in September, and (d) work in process inventory If an amount box does not require as entry wave it bank ACCOUNT Work in Process-Rolling Department ACCOUNT NO BALANCE Check Work Previous www.soene the department were completed 1,000 that were completed Required: 1. Enter the balance of Setember in our count account for Work Trong Recorders and the creats in the count for the Construct a cost of us report and its Con for determinants of action for materials and conversion cost per conto con diferentiating been te started the per period od started and wished in September and (d) work in process inventory. If an ho does not require antaveit bank ACCOUNT Work in Process Rolling Department ACCOUNT NO. BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Sept. 1 Sept. 30 fal, sons, 20 ced Sering Dept. 17,640 units at $73 Sept. 30 Direct labor Sept. 30 Sept. 30 Factory overhead Pinished goods Mal, 2,000 units, 60% completed Sept. 30 If an amount is zero, enter in a 20. Round cost per un answer to the nearest cent If an amount is zero, enter in a zero "O". Round cost per unit answers to the nearest cent. Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended September 30 Whole Units Equivalent Units Units Direct Materials (a) Conversion (a) Units charged to production: Inventory in process, Septembe 1 Received from Smelting Department Total units accounted for by the Rolling Department Units to be assigned costs: Inventory in process, September 1 Started and completed in September Transferred to finished goods in September Inventory in process, September 30 Total units to be assigned costs Costs Costs Direct Materials Conversion Total Costs Cost per equivalent unit: Total costs for September in Rolling Department Total equivalent units Cost per equivalent unit (b) Costs assigned to production: Inventory in process, September 1 Costs incurred in September Total costs accounted for by the Rolling Department costs allocated to completed and partially completed units: Inventory in process, September 1 balance (c) To complete inventory in process, September 1 (c) Cost of completed September 1 work in process Started and completed in September (c) Transferred to finished goods in September (c) Inventory in process, September 30 (d) Total costs assigned by the Rolling Department 2. Provide the same information for October by recording the October transactions in the four-column work in process account. Construct a cost of production report, and presen d) listed in part (1). If an amount box does not require an entry, leave it blank ACCOUNT Work in Process-Rolling Department ACCOUNT NO. Balance POST. REF. ITEM DEBIT CREDIT DEBIT CREDIT DATE October 1 Balance October 31 Smelting Dept., 20,500 units at $7.5 October 31 Direct labor October 31 Factory overhead > October 31 Finished goods October 31 Bal., 1,000 units, 90% completed If an amount is zero, enter in a zero "0". Round cost per unit answers to the nearest cent. Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended October 31 Whole Units Equivalent Units Units Direct Materials (a) Conversion (a) > Units charged to production: Inventory in process, October 1 Received from Smelting Department Total units accounted for by the Rolling Department Units to be assigned costs: Inventory in process, October 1 Started and completed in October Transferred to finished goods in October Inventory in process, October 31 Total units to be assigned costs Costa Costa Direct Materiale Converse Total Costa Derwent un Twitteet Teint Cistemulent Costed to con Ervin Ober Cests incurred in October Totested for by agent Costed to come and partial complete Ines process. Odoter To complete mwentory in promosher 10 Cost of completed October wax in proces Started and completed in October Transferred to the goods in October Inventory in October 31 Tal costs signed by the Ring Department >. The cost per eventunn for direct matra from August to October The cost per cuivalent unit for version costs bewertigated for the undenying can aty necessary corrective action should be talan III um ut tomber These changes Check My Wik Previous