Beginning Work in process | 34,900 | Completed during the year | 670,500 | ||||||
Started during the year | 659,700 | Ending work in process | 24,100 | ||||||
units to be accounted | 694,600 | units accounted for | 694,600 | ||||||
Equivalent units | |||||||||
units | % | Materials | % | CC | |||||
Completed during the year | 670,500 | 100% | 670,500 | 100% | 670,500 | ||||
Ending work in process | 24,100 | 100% | 24,100 | 40% | 9640 | ||||
Equivalent units | 694,600 | 680,140 | answer | ||||||
cost per unit | Materials | CC | total | ||||||
Beginning cost of process | 78,800 | 48,100 | 126,900 | ||||||
added during the year | 1,622,970 | 564026 | 2,186,996 | ||||||
total cost (a) | 1,701,770 | 612,126 | 2,313,896 | ||||||
Equivalent units (B) | 694,600 | 680,140 | |||||||
Cost per unit (A/B) | 2.45 | 0.9 | 3.35 | answer |
Cost accounted for | |||||||
Transferred out (670,500*3.35 | 2246175 | ||||||
WIP,Nov 30 | |||||||
Materials | 59045 | ||||||
Conversion | 8676 | 67,721 | |||||
total costs | 2313896 |
Production cost report | ||||||||
Quantities | units | Materials | CC | |||||
Units to be accounted for | ||||||||
WIP,Nov 1 | 34,900 | |||||||
Started into production | 659,700 | |||||||
total units | 694,600 | |||||||
Units accounted for | ||||||||
Transferred out | 670,500 | 670,500 | 670,500 | |||||
WIP,nov 30 | 24,100 | 24,100 | 9640 | |||||
total units | 694,600 | 694,600 | 680,140 | |||||
Costs | Materials | CC | total | |||||
unit costs | ||||||||
total costs | 1,701,770 | 612,126 | 2,313,896 | |||||
Equivalent units | 694,600 | 680,140 | ||||||
unit costs | 2.45 | 0.9 | 3.35 | |||||
Cost to be accounted for | ||||||||
WIP,nov 1 | 126,900 | |||||||
Started into production | 2,186,996 | |||||||
Total costs | 2,313,896 | |||||||
cost Reconciliation Schedule | ||||||||
Cost accounted for | ||||||||
transferred out | 2,246,175 | |||||||
WIP,Nov 30 | ||||||||
Materials | 59045 | |||||||
conversion cost | 8676 | 67,721 | ||||||
total costs | 2,313,896 |
please (a) determine the assignment of cost to goods transferred out and in process. (b)prepare the...
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 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...
please find equivalent units and cost per unit Question 3 of 3 0738 View Policies Show Attempt History Current Attempt in Progress Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,313,896 as follows. Work in process, November 1 Materials Conversion costs Materials added Labor Overhead $78,800 48.100 $126.900 1.622.970 225.100 338.926 Production records show that 34.900 units were in beginning work in process 30% complete as to conversion costs, 659.700 units were...
Problem 3-4A (Video) (Part Level Submission) Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,313,896 as follows. Work in process, November 1 Materials $78,800 Conversion costs 48,100 $126,900 Materials added 1,622,970 Labor 225,100 Overhead 338,926 Production records show that 34,900 units were in beginning work in process 30% complete as to conversion costs, 659,700 units were started into production, and 24,100 units were in ending work in process 40% complete as to...
*Problem 3-4A (Video) (Part Level Submission) 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...
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 48,200 $127,200 Materials added 1,594,520 Labor 225,800 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 at...
View Policies Current Attempt In Progress Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2.290,566 as follows. Work in process, November 1 Materials Conversion costs Materials added Labor Overhead $79,500 48,400 $127,900 1,596,420 226,000 340,246 Production records show that 34,900 units were in beginning work in process 30% complete as to conversion costs, 663.400 units were started into production, and 25,600 units were in ending work in process 40% complete as to...
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 48,200 $127,200 Materials added 1,594,520 Labor 225,800 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 at...
Question 1 of 1 ./10 E View Policies Current Attempt in Progress Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,288,076 as follows $79.000 48,200 Work in process, November 1 Materials Conversion costs Materials added Labor Overhead $127,200 1,594,520 225,800 340,556 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...
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...
Problem 3-4A (Video) (Part Level Submission) Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,313,896 as follows. Work in process, November 1 Materials $78,800 Conversion costs 48,100 $126,900 Materials added 1,622,970 Labor 225,100 Overhead 338,926 Production records show that 34,900 units were in beginning work in process 30% complete as to conversion costs, 659,700 units were started into production, and 24,100 units were in ending work in process 40% complete as to...