Solved by verified expert :Rivera Company has several processing
departments. Costs charged to the Assembly Department for November 2014 totaled
$2,357,462 as follows.
Work in process, November 1
Materials $78,880
Conversion costs
48,840-
$127,720 –
Materials added 1,595,672
Labor 225,800-
Overhead 408, 270
Production records show that 34,830 units
were in beginning work in process 30% complete as to conversion costs, 662,900
units were started into production, and 24,7000 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 cost per unit answers to 2 decimal places, e.g. 2.25.)Determine the assignment of costs to goods
transferred out and in process. (Use rounded amounts from above for successive
calculations. Round answer to 0 decimal places, e.g. 125.)Prepare
a production cost report for the Assembly Department
