Work in Process Account Data for Two Months; Cost of Production Reports Pittsburgh Aluminum Company uses a process cost system 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., 1,200 units, 70% completed: Direct materials (1,200 x $6.7) $ 8,040 Conversion (1,200 x 70% x $2.8) 2,352 $ 10,392 From Smelting Department, 25,800 units $175,440 Direct labor 46,484 Factory overhead 25,030 During September, 1,200 units in process on September 1 were completed, and of the 25,800 units entering the department, all were completed except 2,500 units that were 40% completed. Charges to Work in ProcessRolling for October were as follows: From Smelting Department, 29,700 units $207,900 Direct labor 58,340 Factory overhead 31,420 During October, the units in process at the beginning of the month were completed, and of the 29,700 units entering the department, all were completed except 1,600 units that were 20% completed. 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 Work in Process-Rolling Department ACCOUNT NO. Balance DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT October 1 Balance 207,900 October 31 Smelting Dept., 29,700 units at $7 58,340 October 31 Direct labor 31,420 October 31 Factory overhead October 31 Finished goods October 31 Bal., 1,600 units, 20% 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 Direct Conversion Units Materials (a) (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 Costs Costs Direct Materials Conversion Total Costs Cost per equivalent unit: Total costs for October in Rolling Department Total equivalent units Cost per equivalent unit (b) Costs assigned 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 from August to October. These changes 3. The cost per equivalent unit for direct materials from August to October. The cost per equivalent unit for conversion costs be investigated for their underlying causes, and any necessary corrective actions should be taken