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., 2,600 units, 14 completed: Direct materials (2,600 x $15.50) Conversion (2,600 x x $8.50) From Smelting Department, 28,900 units Direct labor Factory overhead From Smelting Department, 31,000 units Direct labor Factory overhead $40,300 5,525 $45,825 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: $462,400 158,920 101,402 Check My Work $511,500 162,850 104,494 During October, the units in process at the beginning of the month were completed, and of the 31,000 units entering the department, all were completed except 2,000 units that were 2/5 completed. Required: Email Instructor Previous Next > Save and Exit Submit Assignment for Grading 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 (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 DATE Sept. 1 Sept. 30 Sept. 30 Sept. 30 Sept. 30 Sept. 30 Work in Process-Rolling Department Bal., 2,600 units, 1/4 completed Smelting Dept., 28,900 units at $16.00/unit Direct labor Factory overhead Finished goods Bal., 2,900 units, 4/5 completed Check My Work ITEM If an amount is zero, enter in a zero "0". Round cost per unit answers to the nearest cent. POST. REF. DEBIT Units Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended September 30 Whole Units CREDIT Equivalent Units Direct Materials (a). Conversion. (a) ACCOUNT NO. BALANCE DEBIT CREDIT Previous Next > Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended September 30 Whole Units Units 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 Equivalent Units Direct Materials (a) Conversion (a) 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 (c) Transferred to finished goods in September (c) Inventory in process, September 30 (d) Total costs assigned by the Rolling Department Direct Materials Costs Conversion Total Costs 2. Provide the same information for October by recording the October transactions in the four-column work in process account. Construct a cos 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 Oct. 1 Oct. 31 Oct. 31 Oct. 31 Oct. 31 Oct. 31 Work in Process-Rolling Department ITEM Balance Smelting Dept., 31,000 units at $16.50/unit Direct labor Factory overhead Finished goods Bal., 2,000 units, 2/5 completed POST. REF. DEBIT CREDIT ACCOUNT NO. Balance DEBIT EM CREDIT If an amount is zero, enter in a Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended October 31 Whole Units Units cost per un 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 Equivalent Units Direct Materials (a) Conversion (a) H eBook Print Item 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 should be taken. 3. The cost per equivalent unit for direct materials from August to October. These changes C Direct Materials Conversion Total Costs from August to October. The cost per equivalent unit for conversion costs be investigated for their underlying causes, and any necessary corrective actions CO 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., 2,600 units, 14 completed: Direct materials (2,600 x $15.50) Conversion (2,600 x x $8.50) From Smelting Department, 28,900 units Direct labor Factory overhead From Smelting Department, 31,000 units Direct labor Factory overhead $40,300 5,525 $45,825 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: $462,400 158,920 101,402 Check My Work $511,500 162,850 104,494 During October, the units in process at the beginning of the month were completed, and of the 31,000 units entering the department, all were completed except 2,000 units that were 2/5 completed. Required: Email Instructor Previous Next > Save and Exit Submit Assignment for Grading 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 (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 DATE Sept. 1 Sept. 30 Sept. 30 Sept. 30 Sept. 30 Sept. 30 Work in Process-Rolling Department Bal., 2,600 units, 1/4 completed Smelting Dept., 28,900 units at $16.00/unit Direct labor Factory overhead Finished goods Bal., 2,900 units, 4/5 completed Check My Work ITEM If an amount is zero, enter in a zero "0". Round cost per unit answers to the nearest cent. POST. REF. DEBIT Units Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended September 30 Whole Units CREDIT Equivalent Units Direct Materials (a). Conversion. (a) ACCOUNT NO. BALANCE DEBIT CREDIT Previous Next > Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended September 30 Whole Units Units 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 Equivalent Units Direct Materials (a) Conversion (a) 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 (c) Transferred to finished goods in September (c) Inventory in process, September 30 (d) Total costs assigned by the Rolling Department Direct Materials Costs Conversion Total Costs 2. Provide the same information for October by recording the October transactions in the four-column work in process account. Construct a cos 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 Oct. 1 Oct. 31 Oct. 31 Oct. 31 Oct. 31 Oct. 31 Work in Process-Rolling Department ITEM Balance Smelting Dept., 31,000 units at $16.50/unit Direct labor Factory overhead Finished goods Bal., 2,000 units, 2/5 completed POST. REF. DEBIT CREDIT ACCOUNT NO. Balance DEBIT EM CREDIT If an amount is zero, enter in a Pittsburgh Aluminum Company Cost of Production Report-Rolling Department For the Month Ended October 31 Whole Units Units cost per un 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 Equivalent Units Direct Materials (a) Conversion (a) H eBook Print Item 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 should be taken. 3. The cost per equivalent unit for direct materials from August to October. These changes C Direct Materials Conversion Total Costs from August to October. The cost per equivalent unit for conversion costs be investigated for their underlying causes, and any necessary corrective actions CO