Question

please

(a) determine the assignment of cost to goods transferred out and in process.

(b)prepare the production cost report for november 2020.

Show Attempt History Current Attempt in Progress Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,313,896 as follows. $78,800 48.100 Work in process, November 1 Materials Conversion costs Materials added Labor Overhead $126.900 1,622,970 225.100 338,926 Production records show that 34.900 units were in beginning work in process 30% complete as to conversion costs, 659,700 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. (a) Your answer is correct Determine the equivalent units of production and the unit production costs for the Assembly Department. (Round unit costs to 2 decimal places, eg. 2.25) MacBook S 4 3 & 7 5 6 8 9 E R. T U s F G Н. J K K V B N M

Answer 1

Beginning Work in process			34,900	Completed during the year			670,500
Started during the year			659,700	Ending work in process			24,100
units to be accounted			694,600	units accounted for			694,600
Equivalent units
			units	%	Materials	%	CC
Completed during the year			670,500	100%	670,500	100%	670,500
Ending work in process			24,100	100%	24,100	40%	9640
Equivalent units					694,600		680,140	answer
cost per unit					Materials		CC	total
Beginning cost of process					78,800		48,100	126,900
added during the year					1,622,970		564026	2,186,996
total cost (a)					1,701,770		612,126	2,313,896
Equivalent units (B)					694,600		680,140
Cost per unit (A/B)					2.45		0.9	3.35	answer

Cost accounted for
Transferred out (670,500*3.35							2246175
WIP,Nov 30
Materials					59045
Conversion					8676		67,721
total costs							2313896

Production cost report
Quantities			units		Materials		CC
Units to be accounted for
WIP,Nov 1			34,900
Started into production			659,700
total units			694,600
Units accounted for
Transferred out			670,500		670,500		670,500
WIP,nov 30			24,100		24,100		9640
total units			694,600		694,600		680,140
Costs					Materials		CC	total
unit costs
total costs					1,701,770		612,126	2,313,896
Equivalent units					694,600		680,140
unit costs					2.45		0.9	3.35
Cost to be accounted for
WIP,nov 1								126,900
Started into production								2,186,996
Total costs								2,313,896
cost Reconciliation Schedule
Cost accounted for
transferred out								2,246,175
WIP,Nov 30
Materials							59045
conversion cost							8676	67,721
total costs								2,313,896