Question: Please answer instructions, Thanks :) Romero Company -- Perth Division is a new state of the art production facility that manufactures landing gears for airplanes.

Romero Company -- Perth Division is a new state of the art production facility that manufactures landing gears for airplanes. The September 30th ending work in process is comprised of labor and overhead and is approximately 60% complete. All materials are assumed to be 100% complete. Total materials costs during the period totaled $840,000. Instructions As the new plant accountant, you are asked to complete the production cost report. Fill in each blank with the appropriate number of units or costs. Format numbers with commas, but do not use $ signs. ROMERO COMPANY - Perth Division Assimilation Department Production Cost Report For the Month Ended September 30, 2019 Equivalent Units QUANTITIES Physical Units Materials Conversion Costs Units to be accounted for Work in Process, Sept 1 300 Started into production 1.100 Total units 1,400 Units accounted for Transferred out 900 900 900 Work in Process, Sept 30 500 500 Total units 1,400 1.400 COSTS Unit Costs Materials Conversion Costs Total Costs in September $840,000 $1,104,0001 Equivalent units COSTS Unit Costs Materials Conversion Costs Total Costs in September $840,000 $1.104,000 Equivalent units Unit costs $220 Costs to be accounted for Work in Process, Sept. 1 $243.400 Started into production Total costs $ 1.104,000 Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, Sept 31 Materials Conversion costs 66,000 Total costs $ 1.104.000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
