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 11.00

Rivera Company

P3-4A Rivera Company has several processing departments. Costs charged to the Assem- bly Department for November 2014 totaled $2,280,000 as follows.

Work in process, November 1

 

Assign costs and prepare production cost report.

(LO 5, 6, 7), AP

 

 

Materials

$79,000

 

 

Conversion costs

48,150

$   127,150

Materials added

 

1,589,000

Labor

 

225,920

Overhead

 

337,930

Production records show that 35,000 units were in beginning work in process 30% com-

plete as to conversion costs, 660,000 units were started into production, and 25,000 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) Transferred out

 

$2,211,000

(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 11.00

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