Question: Problem 16-04A Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,286,318 as follows. Work in process, November

 Problem 16-04A Rivera Company has several processing departments. Costs charged to
the Assembly Department for November 2020 totaled $2,286,318 as follows. Work in
process, November 1 Materials $78,900 Conversion costs 48,500 $127,400 Materials added 1,593,420
Labor 226,000 Overhead 339,498 Production records show that 34,800 units were in
beginning work in process 30% complete as to conversion costs, 662,000 units
were started into production, and 24,300 units were in ending work in

Problem 16-04A Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,286,318 as follows. Work in process, November 1 Materials $78,900 Conversion costs 48,500 $127,400 Materials added 1,593,420 Labor 226,000 Overhead 339,498 Production records show that 34,800 units were in beginning work in process 30% complete as to conversion costs, 662,000 units were started into production, and 24,300 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.) Conversion costs Materials 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 Determine the assignment of costs to goods transferred out and in process. Costs accounted for: Transferred out Work in process, November 30 Materials udy Conversion costs Total costs $ Prepare a production cost report for the Assembly Department. (Round unit costs to 2 decimal places, c.9. 2.25 and other answers to o decimal places, e.g. 125.) RIVERA COMPANY Assembly Department Production Cost Report For the Month Ended November 30, 2020 Equivalent Units Physical Conversion Units Materials Costs Quantities Units to be accounted for Work in process, November Started into production Total units Units accounted for Transferred out CALCULATOR PRINTER VERSION .BA Work in process, November 30 ES

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!