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Question 1 of 1 ./10 E View Policies Current Attempt in Progress Rivera Company has several processing departments. Costs cha
= Prepare a production cost report for the Assembly Department. (Round unit costs to 2 decimal places, e.g. 2.25 and other an
November 30 Total units Costs Materials Conversion Costs Unit costs Total Costs $ Equivalent units Unit costs $ Costs to be a
production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, November 30 Material
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Answer #1
a
1
Materials Conversion Costs
Equivalent units 697300 682840
Cost per unit 2.40 0.90
2
Costs accounted for:
Transferred out 2221560
Work in process, November 30
      Materials 57840
      Conversion costs 8676 66516
Total costs 2288076
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 34600
Started into production 662700
Total units 697300
Units accounted for
Transferred out 673200 673200 673200
Work in process, November 30 24100 24100 9640
Total units 697300 697300 682840
Materials Conversion Costs Total
Unit costs:
Total costs 1673520 614556 2288076
Equivalent units 697300 682840
Unit costs 2.40 0.90 3.30
Costs to be accounted for
Work in process, November 1 127200
Started into production 2160876
Total costs 2288076
Cost Reconciliation Schedule
Costs accounted for
Transferred out 2221560 =673200*3.30
Work in process, November 30
      Materials 57840 =24100*2.40
      Conversion costs 8676 66516 =9640*0.90
Total costs 2288076
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