Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 9.00

Luxman Company

P3-4B Luxman Company has several processing departments. Costs charged to the Assembly Department for October 2014 totaled $1,298,400 as follows.

Work in process, October 1

 

 

Materials

$29,000

 

Conversion costs

16,500

$     45,500

Materials added

 

1,006,000

Labor

 

138,900

Overhead

 

108,000

 

 

 

 

 

 

 

 

 

 

Production records show that 25,000 units were in beginning work in process 40% com- plete as to conversion cost, 435,000 units were started into production, and 35,000 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process.

Instructions

(a)  Determine the equivalent units of production and the unit production costs for the Assembly Department.

(b)  Determine the assignment of costs to goods transferred out and in process.

(c)   Prepare a production cost report for the Assembly Department.

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 04:08 PM My Price 9.00

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