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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

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., 800 units, 60% completed:
Direct materials (800\times $7.70) $6,160
Conversion (800\times 60%\times $3.20)1,536
Total $7,696
From Smelting Department, 18,720 units $146,016
Direct labor 36,608
Factory overhead 19,712
During September, 800 units in process on September 1 were completed, and of the 18,720 units entering the department, all were completed except 1,800 units that were 20% completed. Charges to Work in ProcessRolling for October were as follows:
Line Item Description Amount
From Smelting Department, 21,500 units $172,000
Direct labor 50,260
Factory overhead 27,056
During October, the units in process at the beginning of the month were completed, and of the 21,500 units entering the department, all were completed except 1,000 units that were 80% 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., 800 units, 60% 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., 18,720 units at $7.8/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., 1,800 units, 20% 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

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