View T Table Chart Text B D M N 0 D 4 5 7 9 125% zoom Add Category + Short Answer Exercise Exercise 2 Exercise 3 E H 2 Estrella Company has the following production information available for November: Work in process, November 1: Direct Materials $69,000 6 Conversion costs 48,150 Total Beg WIP $117.150 Costs incurred during November Direct Materials 1,548,000 10 Direct Labor 225,920 11 Factory Overhead 337,930 12 Production records show that 35,000 units were in beginning work in process these 13 units were 30% complete as to conversion costs. 700,000 additional units were 14 started into production during November. 710,000 units were completed and 15 transferred out to Finished Goods Inventory. 25.000 units were in ending work in 16 process these units were 40% complete as to conversion costs. Materials are entered at the beginning of the process. Conversion costs are incurred evenly througout 18 the process 19 Instructions 20 Prepare a production cost report for Estrella Company 21 22 EXERCISE 1 23 24 ESTRELLA COMPANY 25 PRODUCTION REPORT 26 NOVEMBER 12 28 L SCHEDULE OF EQUIVALENT UNITS 29 30 31 Beg WIP Units Started Total Units to Account For 32 33 DM CC 34 35 Units Completed End WIP Total Units Accounted For 36 Short Answer Exercise Exercise 2 Exercise 3 D E F G H MN O O B 22 EXERCISE 1 23 24 25 ESTRELLA COMPANY PRODUCTION REPORT NOVEMBER 26 27 28 I. 29 SCHEDULE OF EQUIVALENT UNITS 30 31 Beg WIP Units Started Total Units to Account For 32 DM 34 35 Units Completed End WIP Total Units Accounted For Equivalent Units of Production 36 37 38 39 40II. COMPUTATION OF PER UNIT COSTS EQUIV. UNITS UNIT COST 42 BEG CURRENT TOTAL WIP + COSTS COSTS 44 DM 45 CC 46 Totals 47 48 III. ASSIGNMENT OF COSTS TO PRODUCTION 49 50 Cost of Goods Manufactured: 51 52 53 54 55 66 57 Ending Work in Process: DM CC Total Ending WIP Total Cost Assigned SO 000 esc F2 FA Tv 125% Zoom View Add Category Exercise 2 . Chart + Table T Text Shape Exercise 3 A F Short Answer Exercise B End WIP Total Units Accounted For Equivalent Units of Production H J L 2 M N P 36 37 38 39 40 II. COMPUTATION OF PER UNIT COSTS 41 43 BEG WIP CURRENT COSTS TOTAL COSTS + EQUIV. UNITS UNIT COST 44 DM CC 46 Totals 48 III. ASSIGNMENT OF COSTS TO PRODUCTION 49 50 Cost of Goods Manufactured: 51 52 53 Ending Work in Process: 54 DM 55 56 Total Ending WIP 57 Total Cost Assigned 58 59 60 61 62 63 64