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 con the smelting and rolling processes. Materials are entered from smelting at the beginning of the rolling process. The inventor Work in Process-Rolling on September 1 and debits to the account during September were as follows: Bal., 800 units, 20% completed: Direct materials (800 x $4.3) $ 3,440 Conversion (800 x 20% x $1.8) 288 $ 3,728 From Smelting Department, 17,760 units $78,144 Direct labor 22,082 Factory overhead 11,890 During September, 800 units in process on September 1 were completed, and of the 17,760 units entering the department, al were completed except 1,300 units that were 60% completed. Charges to Work in Process --Rolling for October were as follow From Smelting Department, 20,400 units $93,840 Direct labor 27,740 Factory overhead 14,940 During October, the units in process at the beginning of the month were completed, and of the 20,400 units entering the department, all were completed except 1,000 units that were 90% 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 credit the account for September. Construct a cost of production report and present computations for determining (a) equivalent units Next Homework Ch 17 For Credit Calculator 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 at 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 good 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. BALANCE DEBIT DATE ITEM POST. REF. DEBIT CREDIT Sept. 1 Sept. 30 Bal., 800 units, 20% completed Smelting Dept., 17,760 units at $4.4 Direct labor Sept. 30 Sept. 30 Factory overhead Sept. 30 Sept. 30 Finished goods Bal., 1,300 units, 60% completed If an amount is zero, enter in a zero "O". Round cost per unit answers to the nearest cent. Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended September 30 mework Ch 17 For Credit Tramount is zero, encer la zero U eBook Calculator RUUNU cost per un answers to the nearest ceni. Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended September 30 Whole Units Equivalent Units Units Direct Materials (a) Conversion (a) Units charged to production: Inventory in process, September 1 Received from Smelting Department Total units accounted for by the Rolling Department Units to be assigned costs: Inventory in process, September 1 Started and completed in September Transferred to finished goods in September Inventory in process, September 30 Total units to be assigned costs TU... T o mpany USA Process... 125) sabrina tu work Ch 17 For Credit eBook Calculator Costs Costs Direct Materials Conversion Total 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 Rolling 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 (6) Transferred to finished goods in September (c) Inventory in process, September 30 (d) Total costs assigned by the Rolling Department 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 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 October 31 October 31 October 31 Smelting Dept., 20.400 units at 54.6 Direct labor Factory overhead Finished goods October 31 October 31 Bal 1,000 units, 90% 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 Materials (a) (a) 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 51.jp wwork Ch 17 For Credit eBook Calculator 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 Total costs assigned by the Rolling Department 3. The cost per equivalent unit for direct materials August to October. These changes 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 Next > Check My Work 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 con the smelting and rolling processes. Materials are entered from smelting at the beginning of the rolling process. The inventor Work in Process-Rolling on September 1 and debits to the account during September were as follows: Bal., 800 units, 20% completed: Direct materials (800 x $4.3) $ 3,440 Conversion (800 x 20% x $1.8) 288 $ 3,728 From Smelting Department, 17,760 units $78,144 Direct labor 22,082 Factory overhead 11,890 During September, 800 units in process on September 1 were completed, and of the 17,760 units entering the department, al were completed except 1,300 units that were 60% completed. Charges to Work in Process --Rolling for October were as follow From Smelting Department, 20,400 units $93,840 Direct labor 27,740 Factory overhead 14,940 During October, the units in process at the beginning of the month were completed, and of the 20,400 units entering the department, all were completed except 1,000 units that were 90% 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 credit the account for September. Construct a cost of production report and present computations for determining (a) equivalent units Next Homework Ch 17 For Credit Calculator 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 at 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 good 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. BALANCE DEBIT DATE ITEM POST. REF. DEBIT CREDIT Sept. 1 Sept. 30 Bal., 800 units, 20% completed Smelting Dept., 17,760 units at $4.4 Direct labor Sept. 30 Sept. 30 Factory overhead Sept. 30 Sept. 30 Finished goods Bal., 1,300 units, 60% completed If an amount is zero, enter in a zero "O". Round cost per unit answers to the nearest cent. Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended September 30 mework Ch 17 For Credit Tramount is zero, encer la zero U eBook Calculator RUUNU cost per un answers to the nearest ceni. Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended September 30 Whole Units Equivalent Units Units Direct Materials (a) Conversion (a) Units charged to production: Inventory in process, September 1 Received from Smelting Department Total units accounted for by the Rolling Department Units to be assigned costs: Inventory in process, September 1 Started and completed in September Transferred to finished goods in September Inventory in process, September 30 Total units to be assigned costs TU... T o mpany USA Process... 125) sabrina tu work Ch 17 For Credit eBook Calculator Costs Costs Direct Materials Conversion Total 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 Rolling 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 (6) Transferred to finished goods in September (c) Inventory in process, September 30 (d) Total costs assigned by the Rolling Department 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 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 October 31 October 31 October 31 Smelting Dept., 20.400 units at 54.6 Direct labor Factory overhead Finished goods October 31 October 31 Bal 1,000 units, 90% 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 Materials (a) (a) 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 51.jp wwork Ch 17 For Credit eBook Calculator 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 Total costs assigned by the Rolling Department 3. The cost per equivalent unit for direct materials August to October. These changes 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 Next > Check My Work