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 Process-Rolling on September 1 and debits to the account during September were as follows: Bal., 2,600 units, 4 completed: Direct materials (2,600 x $15.50) Conversion (2,600 x 4 x $8.50) $40,300 From Smelting Department, 28,900 units Direct labor Factory overhead 5,525 $45,825 $462,400 158,920 101,402 During September, 2,600 units in process on September 1 were completed, and of the 28,900 units entering the department, all were completed except 2,900 units that were 4/5 completed. Charges to Work in Process--Rolling for October were as follows: From Smelting Department, 31,000 units $511,500 Direct labor 162,850 Factory overhead 104,494 KSHEET During October, the units in process at the beginning of the month were completed, and of the 33,000 unic except 2,000 units that were 2/5 completed. Required: 1. Enter the balance as of September 1 in a four-column account for Work in Process-Rolling. Record the debits and the credits in the account for September Construct a cost of production report and present computations for determining (e) equivalent units of production for materials and conversion, (b) costs per equivalent unit, (c) cost of gods 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 September 1 ITEM POST. REF. DEBIT CREDIT BALANCE BALANCE DEBIT CREDIT Bel, 2,600 units, 1/4 completed 45,825 September 30 Smelting Dept, 28,900 units at $16.00/unit 462,400 508,225 September 30 Direct laber 158,920 667,145 September 30 Factory overhead 101,402 768,547 September 30 Finished goods 702,195 66,352 September 30 Bal, 2,900 units, 4/5 completed 66,352 If an amdunt is zer, enter in a zero "0". Round cost per unit answers to the nearest cent. Chuck My Work more Check My Work unies remaining Save and F eBook ET 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 charged to production Units Equivalent Units Whole Units Direct Materials (a) Equivalent Units Conversion (a) Inventory in process, September 1 2,600 Received from Smelting Department 28,900 Total units accounted for by the Rolling Department 31.500 Units to be assigned costs Inventory in process, September 11 2,000 1,950 Started and completed in September 26,000 26,000 26,000 Transferred to finished goods in September 28,600 26,000 27,950 Inventory in process, September 30 2,900 2,900 2,320 Total units to be assigned costs 31,500 31,500 31,500 Check My Work 2 mom Check My Work uses aineg Previous HEET 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 Reiling 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 (0) Check My Work 2 more Check My Work an Costs Direct Materials Conversion Total 462,400 260,322 28,900 16 30,270 16 000 000 Previous 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 present the October computations (a through d) listed in part (1). If an amount box does not require an entry, leave it blank.. ACCOUNT DATE ITEM October 1 Balance Work in Process-Rolling Department ACCOUNT NO. BALANCE POST. REF. DEBIT CREDIT DEBIT BALANCE CREDIT October 31 Smelting Dept., 31,000 units at $16.50/unit October 31 Direct labor October 33 Factory overhead October 31 Finished goods October 31 Ba, 2,000 units, 2/5 completed If an amount is zers, enter in a zerb "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 Ouck My Work mos Check My Work uses remaining Equivalent Units Equivalent Units Previous Ford - Round cost per unit answers to the nearest cent. Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended October 31 Units 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 Check My Work 2 moe Check My Work uses remaining Equivalent Units Whole Units Direct Materials (a) Equivalent Units Conversion (a) Costs Previous ork ET Book Costs Cost per equivalent unit Total costs for October in Rolling Department Tetal equivalent units Cost per equivalent unit (b) Costs charged to production Inventory in process, October 1 Costs incurred in October * Total costs accounted for by the Railing Department Costs allocated to completed and partially completed units Inventory in process, October 1 balance (e) To compiste inventory a process, October 1 (c) Cast of completed October 1 work in process Started and completed in October ( Transferred to finished goods in October (c) Inventory in process, October 31 (d) Total costs assigned by the Rolling Department Check My Work 2 mom Check My Work uses remaining Her Haven: AN Costs Direct Materials 000 Go Correlation Conversion Total 000 Previous Cost per equivalent tinit Costs charged to production: Inventory in process, October 1 Costs incurred in October Total costs accounted for by the Rolling Department Costs allocated to completed and partially completed units: Inventory in process, October 1 balance (c) To complete inventory in process, October 1 (c) Cost of completed October 1 work in process Started and completed in October (c) Transferred to finished goods in October (c) Inventory in process, October 31 (d) Total costs assigned by the Rolling Department 3. The cost per equivalent unit for direct materials from August to October. These changes corrective actions should be taken. Check My Work 2 more Check My Work uses remaining 000 from August to October. The cost per equivalent unit for conversion costs be investigated for their underlying causes, and any necessary Previous