Question

Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,293,806 as follows. $78,800 49,000 Work in process, November 1 Materials Conversion costs Materials added Labor Overhead $127,800 1,599,280 225,800 340,926 Production records show that 34,700 units were in beginning work in process 30% complete as to conversion costs, 664,500 units were started into production, and 25,100 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process. *(a) x Your answer is incorrect. Try again. 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 11699200 673730 Cost per unit

Determine the assignment of costs to goods transferred out and in process.

Costs accounted for:
Transferred out		$
Work in process, November 30
Materials	$
Conversion costs
Total costs		$

Prepare a production cost report for the Assembly Department.

RIV

Answer 1

a
1
	Materials	Conversion Costs
Equivalent units	699200	684140
Cost per unit	2.40	0.90
2
Costs accounted for:
Transferred out		2224530
Work in process, November 30
Materials	60240
Conversion costs	9036	69276
Total costs		2293806
b
RIVERA COMPANY
Assembly Department
Production Cost Report
For the Month Ended November 30, 2020
		Equivalent Units
	Physical Units	Materials	Conversion Costs
Units to be accounted for
Work in process, November 1	34700
Started into production	664500
Total units	699200
Units accounted for
Transferred out	674100	674100	674100
Work in process, November 30	25100	25100	10040
Total units	699200	699200	684140
		Materials	Conversion Costs	Total
Unit costs:
Total costs		1678080	615726	2293806
Equivalent units		699200	684140
Unit costs		2.40	0.90	3.30
Costs to be accounted for
Work in process, November 1				127800
Started into production				2166006
Total costs				2293806
Cost Reconciliation Schedule
Costs accounted for
Transferred out				2224530	=674100*3.30
Work in process, November 30
Materials			60240		=25100*2.40
Conversion costs			9036	69276	=10040*0.90
Total costs				2293806