Question

Problem 16-4A Rivera Company has several processing departments. Costs charged to the Assembly Department for November...

Problem 16-4A Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2014 totaled $ 2,280,000 as follows. Work in process, November 1 Materials $ 79,000 Conversion costs 48,150 $ 127,150 Materials added 1,589,000 Labor 225,920 Overhead 337,930 Production records show that 35,000 units were in beginning work in process 30% complete as to conversion costs, 660,000 units were started into production, and 25,000 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 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. RIVÈRA COMPANY Assembly Department Production Cost Report For the Month Ended November 30, 2014 Equivalent Units Quantities Physical Units Materials Conversion Costs Units to be accounted for Work in process, November 1 Started into production Total units Units accounted for Transferred out Work in process, November 30 Total units Costs Materials Conversion Costs Total Unit costs Total Costs $ $ $ Equivalent units Unit costs $ $ $ Costs to be accounted for Work in process, November 1 $ Started into production Total costs $ Cost Reconciliation Schedule Costs accounted for Transferred out $ Work in process, November 30 Materials $ Conversion costs Total costs $

Homework Answers

Answer #1
Assembly Department Production Cost Report For the Month Ended November
Phy units materi conver total
o wip 35000 24500 127150
started and completed 635000 635000 635000
transferred out 670000
c wip 25000 25000 10000
Eq units 660000 669500
Cost incurred during Nov 1589000 563850 2152850
cost per eq unit 2.41 0.84   
Total costs to account for 2280000
Cost of transferred out:
o wip 79000 48150
cost added 20633.79
Total cost of o wip 79000 68783.79
started and completed 1528811 534794.2
total cost of Tranf out 1607811 603578 2211389
cost of c wip 60189 8422 68611
Total costs accounted for 2280000
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2017 totaled...
Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2017 totaled $ 2,295,954 as follows. Work in process, November 1    Materials $ 79,200    Conversion costs 48,100 $ 127,300 Materials added 1,604,394 Labor 225,800 Overhead 338,460 Production records show that  35,500 units were in beginning work in process 30% complete as to conversion costs,  660,200 units were started into production, and  25,500 units were in ending work in process 40% complete as to conversion costs. Materials are entered at...
Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,400 units during...
Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,400 units during November. The following production activity unit and cost information refers to the assembly department’s November production activities. Assembly Department Units Percent of Direct Materials Percent of Conversion Beginning work in process 3,000 60 % 40 % Units transferred out 10,000 100 % 100 % Ending work in process 5,400 80 % 30 % Beginning work in process inventory—Assembly dept $ 3,027 (consists of $1,448...
The Sanding Department of Kaiden Company has the following production and cost data for November. Production...
The Sanding Department of Kaiden Company has the following production and cost data for November. Production 1. Started and completed 9,700 units. 2. Started 3,100 units that are 80% completed at November 30. Costs Beginning work in process $-0- Materials 55,680 Labor 121,800 Manufacturing Overhead 48,720 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Kaiden Company uses the FIFO method to compute equivalent units. (a) Determine the equivalent units of production...
The Sanding Department of Kaiden Company has the following production and cost data for November. Production...
The Sanding Department of Kaiden Company has the following production and cost data for November. Production 1. Started and completed 8,400 units. 2. Started 2,900 units that are 70% completed at November 30. Costs Beginning work in process $-0- Materials 51,980 Labor 114,730 Manufacturing Overhead 41,720 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Kaiden Company uses the FIFO method to compute equivalent units. Compute unit costs and show the assignment...
Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,100 units during...
Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,100 units during November. The following production activity unit and cost information refers to the assembly department’s November production activities. Assembly Department Units Percent of Direct Materials Percent of Conversion Beginning work in process 3,500 60 % 40 % Units transferred out 10,500 100 % 100 % Ending work in process 5,100 80 % 30 % Beginning work in process inventory—Assembly dept $ 3,359 (consists of $1,902...
The Welding Department of Healthy Company has the following production and manufacturing cost data for February...
The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 14,500 units, 1/10 complete     Materials $17,500 Units transferred out 55,000     Conversion costs 14,560 $32,060 Units started 50,700 Materials 191,140 Ending work in process 10,200 units, 1/5 complete Labor 67,000 Overhead 66,744 Prepare a production cost report for the Welding Department for...
Materials costs of $850000 and conversion costs of $1105000 were charged to a processing department in...
Materials costs of $850000 and conversion costs of $1105000 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process, 17000 units were started into production in September, and there were 8000 units in ending work in process that were 50% complete at the end of September. What was the total amount of...
FIFO Method, Two-Department Analysis Muskoge Company uses a process-costing system. The company manufactures a product that...
FIFO Method, Two-Department Analysis Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity and...
Units of production data for the two departments of Continental Cable and Wire Company for November...
Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year are as follows: Drawing Department Winding Department Work in process, November 1 6,700 units, 30% completed 3,400 units, 80% completed Completed and transferred to next processing department during November 91,800 units 90,600 units Work in process, November 30 5,100 units, 55% completed 4,600 units, 15% completed. a. If all direct materials are placed in process at the beginning of...
Units of production data for the two departments of Pacific Cable and Wire Company for November...
Units of production data for the two departments of Pacific Cable and Wire Company for November of the current fiscal year are as follows: Drawing Department Winding Department Work in process, November 1 5,000 units, 40% completed 3,200 units, 80% completed Completed and transferred to next processing department during November 95,000 units 95,100 units Work in process, November 30 6,200 units, 60% completed 3,100 units, 15% completed a. If all direct materials are placed in process at the beginning of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT