Work in Process Account Data for Two Months; Cost of Production Reports

Pittsburgh Aluminum Company uses process costing to record the costs of manufacturing rolled aluminum, which consists of the smelting and rolling processes. Materials are entered from smelting at the beginning of the rolling process. The inventory of Work in ProcessRolling on September 1 and debits to the account during September were as follows:

Line Item Description	Amount
Bal., 600 units, 20% completed:
Direct materials (600 $3.40)	$2,040
Conversion (600 20% $1.40)	168
Total	$2,208
From Smelting Department, 14,160 units	$49,560
Direct labor	12,886
Factory overhead	6,938

During September, 600 units in process on September 1 were completed, and of the 14,160 units entering the department, all were completed except 1,200 units that were 60% completed. Charges to Work in ProcessRolling for October were as follows:

Line Item Description	Amount
From Smelting Department, 16,300 units	$60,310
Direct labor	17,370
Factory overhead	9,350

During October, the units in process at the beginning of the month were completed, and of the 16,300 units entering the department, all were completed except 800 units that were 90% completed.

Required:

1. Enter the balance as of September 1 in a four-column account for Work in ProcessRolling. Record the debits and the credits in the account for September. Construct a cost of production report and present computations for determining (a) equivalent units of production for materials and conversion, (b) costs per equivalent unit, (c) cost of goods finished, differentiating between units started in the prior period and units started and finished in September, and (d) work in process inventory. If an amount box does not require an entry, leave it blank.

ACCOUNT Work in Process-Rolling Department ACCOUNT NO.

DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE DEBIT	BALANCE CREDIT
September 1	Bal., 600 units, 20% completed		fill in the blank 1	fill in the blank 2	fill in the blank 3	fill in the blank 4
September 30	Smelting Dept., 14,160 units at $3.5/unit		fill in the blank 5	fill in the blank 6	fill in the blank 7	fill in the blank 8
September 30	Direct labor		fill in the blank 9	fill in the blank 10	fill in the blank 11	fill in the blank 12
September 30	Factory overhead		fill in the blank 13	fill in the blank 14	fill in the blank 15	fill in the blank 16
September 30	Finished goods		fill in the blank 17	fill in the blank 18	fill in the blank 19	fill in the blank 20
September 30	Bal., 1,200 units, 60% completed		fill in the blank 21	fill in the blank 22	fill in the blank 23	fill in the blank 24

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 September 30

Units	Whole Units	Equivalent Units Direct Materials (a)	Equivalent Units Conversion (a)
Units charged to production:
Inventory in process, September 1	fill in the blank 25
Received from Smelting Department	fill in the blank 26
Total units accounted for by the Rolling Department	fill in the blank 27
Units to be assigned costs:
Inventory in process, September 1	fill in the blank 28	fill in the blank 29	fill in the blank 30
Started and completed in September	fill in the blank 31	fill in the blank 32	fill in the blank 33
Transferred to finished goods in September	fill in the blank 34	fill in the blank 35	fill in the blank 36
Inventory in process, September 30	fill in the blank 37	fill in the blank 38	fill in the blank 39
Total units to be assigned costs	fill in the blank 40	fill in the blank 41	fill in the blank 42

Costs

Costs	Direct Materials	Conversion	Total
Cost per equivalent unit:
Total costs for September in Rolling Department	$fill in the blank 43	$fill in the blank 44
Total equivalent units	fill in the blank 45	fill in the blank 46
Cost per equivalent unit (b)	$fill in the blank 47	$fill in the blank 48
Costs assigned to production:
Inventory in process, September 1			$fill in the blank 49
Costs incurred in September			fill in the blank 50
Total costs accounted for by the Rolling Department			$fill in the blank 51
Costs allocated to completed and partially completed units:
Inventory in process, September 1 balance (c)			$fill in the blank 52
To complete inventory in process, September 1 (c)	$fill in the blank 53	$fill in the blank 54	fill in the blank 55
Cost of completed September 1 work in process			$fill in the blank 56
Started and completed in September (c)	fill in the blank 57	fill in the blank 58	fill in the blank 59
Transferred to finished goods in September (c)			$fill in the blank 60
Inventory in process, September 30 (d)	fill in the blank 61	fill in the blank 62	fill in the blank 63
Total costs assigned by the Rolling Department			$fill in the blank 64