Work in Process Account Data for Two Months; Cost of Production Reports

Pittsburgh Aluminum Company uses process costing to record the costs of manufacturing rolled aluminum, which consists of the smelting and rolling processes. Materials are entered from smelting at the beginning of the rolling process. The inventory of Work in Process$-$Rolling on September $1$ and debits to the account during September were as follows:

Bal., $800$ units, $\backslash (30\backslash \%\backslash )$ completed:

During September, $800$ units in process on September $1$ were completed, and of the $18,960$ units entering the department, all were completed except $1,500$ units that were $90\backslash \%$ completed. Charges to Work in Process$-$Rolling for October were as follows:

During October, the units in process at the beginning of the month were completed, and of the $21,800$ units entering the department, all were completed except $1,000$ units that were $\backslash (60\backslash \%\backslash )$ completed. $1.$ Enter the balance as of September $1$ in a four$-$column account for Work in Process$-$Rolling. Record the debits and the credits in the account for September. Construct a cost of production report and present computations for determining $($a$)$ equivalent units of production for materials and conversion, $($b$)$ costs per equivalent unit, $($c$)$ cost of goods finished, differentiating between units started in the prior period and units started and finished in September, and $($d$)$ work in process inventory. If an amount box does not require an entry, leave it blank.

If an amount is zero, enter in a zero $"0".$ Round cost per unit answers to the nearest cent. Pittsburgh Aluminum Company

Cost of Production Report$-$Rolling Department

For the Month Ended September $30$

Units charged to production:

Inventory in process, September $1$

Received from Smelting Department

Total units accounted for by the Rolling Department

Units to be assigned costs:

Inventory in process, September $1$

Started and completed in September

Transferred to finished goods in September

Inventory in process, September $30$

Total units to be assigned costs $\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|\}$

$\backslash$hline Costs & Direct Materials & Conversion & Total $\backslash \backslash$

$\backslash$hline Cost per equivalent unit: & & & $\backslash \backslash$

$\backslash$hline Total costs for September in Rolling Department & $\backslash (\backslash$$ $\backslash$square $\backslash )$ & $\backslash$$ & $\backslash \backslash$

$\backslash$hline Total equivalent units & & & $\backslash \backslash$

$\backslash$hline Cost per equivalent unit $($b$)$ & $\backslash [$

$\backslash$$

$\backslash ]$ & $\backslash (\backslash$$ $\backslash$square $\backslash )$ & $\backslash \backslash$

$\backslash$hline Costs assigned to production: & & & $\backslash \backslash$

$\backslash$hline Inventory in process, September $1$ & & & $\backslash$$ $\backslash \backslash$

$\backslash$hline Costs incurred in September & & & $\backslash \backslash$

$\backslash$hline Total costs accounted for by the Rolling Department & & & $\backslash (\backslash$$ $\backslash$square $\backslash )\backslash \backslash$

$\backslash$hline Costs allocated to completed and partially completed units: & & & $\backslash \backslash$

$\backslash$hline Inventory in process, September $1$ balance $($c$)$ & & & $\backslash$$ $\backslash \backslash$

$\backslash$hline To complete inventory in process, September $1($c$)$ & $\backslash (\backslash$$ $\backslash )$ & $\backslash$$ & $\backslash \backslash$

$\backslash$hline Cost of completed September $1$ work in process & & & $\backslash$$ $\backslash \backslash$

$\backslash$hline Started and completed in September $($c$)$ & & & $\backslash \backslash$

$\backslash$hline Transferred to finished goods in September $($c$)$ & & & $\backslash$$ $\backslash \backslash$

$\backslash$hline Inventory in process, September $30($d$)$ & & & $\backslash \backslash$

$\backslash$hline Total costs assigned by the Rolling Department & & & $\backslash (\backslash$$ $\backslash$square $\backslash )\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}2.$ Provide the same information for October by recording the October transactions in the four$-$column work in process account. Construct a cost of production report, and present the October computations $($a through d$)$ listed in part $(1).$ If an amount box does not require an entry, leave it blank.

If an amount is zero, enter in a zero $"0".$ Round cost per unit answers to the nearest cent.