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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 and debits to the account during September were as follows:
Line Item Description Amount
Bal., units, completed:
Direct materials times $ $
Conversion times times $
Total $
From Smelting Department, units $
Direct labor
Factory overhead
During September, units in process on September were completed, and of the units entering the department, all were completed except units that were completed. Charges to Work in ProcessRolling for October were as follows:
Line Item Description Amount
From Smelting Department, units $
Direct labor
Factory overhead
During October, the units in process at the beginning of the month were completed, and of the units entering the department, all were completed except units that were completed.
Required:
Enter the balance as of September in a fourcolumn 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 ProcessRolling Department ACCOUNT NO
DATE ITEM POST. REF. DEBIT CREDIT BALANCE
DEBIT BALANCE
CREDIT
September Bal., units, completed fill in the blank
fill in the blank
fill in the blank
fill in the blank
September Smelting Dept., units at $unit fill in the blank
fill in the blank
fill in the blank
fill in the blank
September Direct labor fill in the blank
fill in the blank
fill in the blank
fill in the blank
September Factory overhead fill in the blank
fill in the blank
fill in the blank
fill in the blank
September Finished goods fill in the blank
fill in the blank
fill in the blank
fill in the blank
September Bal., units, completed fill in the blank
fill in the blank
fill in the blank
fill in the blank
If an amount is zero, enter in a zero Round cost per unit answers to the nearest cent.
Pittsburgh Aluminum Company
Cost of Production ReportRolling Department
For the Month Ended September
Units Whole Units Equivalent Units
Direct Materials a Equivalent Units
Conversion a
Units charged to production:
Inventory in process, September fill in the blank
Received from Smelting Department fill in the blank
Total units accounted for by the Rolling Department fill in the blank
Units to be assigned costs:
Inventory in process, September fill in the blank
fill in the blank
fill in the blank
Started and completed in September fill in the blank
fill in the blank
fill in the blank
Transferred to finished goods in September fill in the blank
fill in the blank
fill in the blank
Inventory in process, September fill in the blank
fill in the blank
fill in the blank
Total units to be assigned costs fill in the blank
fill in the blank
fill in the blank
Costs
Costs Direct Materials Conversion Total
Cost per equivalent unit:
Total costs for September in Rolling Department $fill in the blank
$fill in the blank
Total equivalent units fill in the blank
fill in the blank
Cost per equivalent unit b $fill in the blank
$fill in the blank
Costs assigned to production:
Inventory in process, September $fill in the blank
Costs incurred in September fill in the blank
Total costs accounted for by the Rolling Department $fill in the blank
Costs allocated to completed and partially completed units:
Inventory in process, September balance c $fill in the blank
To complete inventory in process, September c $fill in the blank
$fill in the blank
fill in the blank
Cost of completed September work in process $fill in the blank
Started and completed in September c fill in the blank
fill in the blank
fill in the blank
Transferred to finished goods in September c $fill
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