Question: PLEASE INCLUDE ALL THE CALCULATIONS!!!!!! AP Rivera Company has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled
PLEASE INCLUDE ALL THE CALCULATIONS!!!!!!
AP Rivera Company has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled $2,280,000 as follows.
Work in process, November 1
Materials $79,000
Conversion costs 48,150 $127,150
Direct materials added during November 1,589,000
Direct labor incurred during November 225,920
Manufacturing overhead assigned during November 337,930
TOTAL $2,280,000
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 added at the beginning of each process, and conversion costs are incurred uniformly throughout the process.
Instructions
a. Determine the equivalent units of production and the unit production costs for the Assembly Department.
b. Determine the assignment of costs to goods completed and transferred out and to work in process for November.
Completed and transferred out $2,211,000
Ending WIP $69,000
- Prepare a production cost report for the Assembly Department for November 2022.
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