Question

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 $

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