Current Attempt in Progress Rivera Company has several processing departments. Costs charged to the Assembly...
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Accounting
Current Attempt in Progress Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,310,795 as follows. Work in process, November 1 Materials $78,900 Conversion costs 48,900 $127,800 Materials added 1,621,155 Labor 225.900 Overhead 335,940 Production records show that 35,200 units were in beginning work in process 30% complete as to conversion costs, 658,700 units were started into production, and 25,500 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process. (a) 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.) Materials Conversion Costs Equivalent Units Cost per unit $ $ e Textbook and Media LINK TO TEXT 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 Total costs LINK TO TEXT Prepare a production cost report for the Assembly Department. (Round unit costs to 2 decimal places. RIVERA COMPANY Assembly Department Production Cost Report For the Month Ended November 30, 2020 Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, November 1 Started into production Total units Units accounted for Transferred out Work in process, November 30 Total units Conversion Costs Materials Total Costs Unit costs Total Couts Equivalent units Unit costs Costs to be accounted for Work in process, November 1 Started into production mo Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, November 10 Materials Conversion costs Total costs Show transcribed image text



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