Homework Answers
Scenario 1 :-
|
Equivalent Units |
|||
|
UNITS |
Physical units |
Direct Materials |
Conversion Cost |
|
Units accounted for: |
|||
|
Completed and transferred out |
1700 |
1700 |
1700 |
|
Ending work in process |
500 |
500 |
(500 * 40%) =200 |
|
Total units accounted for |
2200 |
2200 |
1900 |
Scenario 2 :-
|
Equivalent Units |
|||
|
UNITS |
Physical units |
Direct Materials |
Conversion Cost |
|
Units accounted for: |
|||
|
Completed and transferred out |
1700 |
1700 |
1700 |
|
Ending work in process |
500 |
500 |
(500 * 60%) =300 |
|
Total units accounted for |
2200 |
2200 |
2000 |
Scenario 3 :-
|
Equivalent Units |
|||
|
UNITS |
Physical units |
Direct Materials |
Conversion Cost |
|
Units accounted for: |
|||
|
Completed and transferred out |
1700 |
1700 |
1700 |
|
Ending work in process |
500 |
0 |
(500 * 40%) =200 |
|
Total units accounted for |
2200 |
1700 |
1900 |
Scenario 4 :-
|
Equivalent Units |
|||
|
UNITS |
Physical units |
Direct Materials |
Conversion Cost |
|
Units accounted for: |
|||
|
Completed and transferred out |
1700 |
1700 |
1700 |
|
Ending work in process |
500 |
500 |
(500 * 60%) =300 |
|
Total units accounted for |
2200 |
2200 |
2000 |
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Please help solve
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Rivera Company has several processing departments. Costs
charged to the Assembly Department for November 2020 totaled
$2,288,076 as follows.
Work in process, November 1
Materials
$79,000
Conversion costs
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Materials added
1,594,520
Labor
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Overhead
340,556
Production records show that 34,600 units were in beginning work in
process 30% complete as to conversion costs, 662,700 units were
started into production, and 24,100 units were in ending work in
process 40% complete as to conversion costs. Materials are entered
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