Question

Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,288,076 as follows. Work in process, November 1    Materials $79,000    Conversion costs 48,200 $127,200 Materials added 1,594,520 Labor 225,800 Overhead 340,556 Production records show that 34,600 units were in beginning work in process 30% complete as to conversion costs, 662,700 units were started into production, and 24,100 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.) Materials Conversion Costs 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 ________ _______          Total costs $____________

Answer 1

		Equivalent units
	Physical units	Direct material	Conversion costs
Completed and transferred	673,200	673,200	673.200
Ending WIP	24,100	24,100	9,640 (24,100*40%)
Total	697,300	697,300	682,840

	Direct material	Conversion costs
Beginning WIP	$79,000	$48,200
Cost incurred during November	$1,594,520	$566,356
Total costs	$1,673,520	$614,556
Equivalent units	697,300	682,840
Cost per equivalent units	$2.4	$0.9

Cost accounted for
Transferred out (673,200*$3.3)		$2,221,560
Work in process, November 30
Materials (24,100*$2.4)	$57,840
Conversion costs (9,640*$0.9)	8,676
Total costs		$2,288,076