Question

Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,289,684 as follows. Work in process, November 1 Materials $78,700 48,100 Conversion costs Materials added Labor Overhead $126,800 1,596,500 225,100 341,284 Production records show that 35,400 units were in beginning work in process 30% complete as to conversion costs, 662,600 units were started into production, and 25,400 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process. Determine the equivalent units of production and the unit production costs for the Assembly Department. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Conversion Costs Equivalent Units 698,000 682,760 Cost per unit $ 2.4 $

Answer 1

Assignments of costs to goods transferred out and in process

Transferred out		$2,219,580
Work in process, Nov 30
Materials	$60,960
Conversion costs	$9,144	$70,104
Total costs		$2,289,684

Production report for assembly department.

Quantities	Physical units	Materials	Conversion costs
Units to be accounted for
Work in process Nov 1	35,400
Started into production	662,600
Total units	698,000
Units accounted for
Transferred out	672,600	672,600	672,600
Work in process Nov 30	25,400	25,400	10,160
Total units	698,000	698,000	682,760

Costs	Materials	Conversion costs	Total
Unit costs
Total costs	$1,675,200	$614,484	$2,289,684
Equivalent units	698,000	682,760
Unit costs	2.4	0.9	3.3
Costs to be accounted for
Work in process Nov 1			$126,800
Started into production			$2,162,884
Total costs			$2,289,684

Cost reconciliation schedule

Transferred out		$2,219,580
Work in process Nov 30
Materials(25,400×2.4)	$60,960
Conversion costs(25,400×40% ×0.9)	9,144	70,104
Total costs		$2,289,684

____×____

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