Maurice Tutor

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

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    Phoniex University
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Category > Accounting Posted 18 Aug 2017 My Price 13.00

Rivera Company

Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2014 totaled $2,826,246 as follows.

Work in process, November 1        
    Materials   $66,490    
    Conversion costs   49,710   $116,200
Materials added       1,828,818
Labor       220,350
Overhead       660,878

Determine the assignment of costs to goods transferred out and in process. (Round intermediate calculations to 2 decimal places, e.g. 1.25. Round final answers to 0 decimal places, e.g. 1,250.)

Costs accounted for

      

   Transferred out

    

$

   Work in process, November 30

      

      Materials

  

$

  

      Conversion costs

  

   Total costs

    

$

Your answer is partially correct.
   

Determine the assignment of costs to goods transferred out and in process. (Round intermediate calculations to 2 decimal places, e.g. 1.25. Round final answers to 0 decimal places, e.g. 1,250.)

Costs accounted for

      

   Transferred out

    

$Entry field with correct answer2728992

   Work in process, November 30

      

      Materials

  

$Entry field with correct answer75980

  

      Conversion costs

  

Entry field with incorrect answer21274.39

Entry field with correct answer97254

   Total costs

    

$Entry field with correct answer2826246

RIVERA COMPANY
Assembly Department
Production Cost Report
For the Month Ended November 30, 2014
       

Equivalent Units

    


Quantities

  

Physical
Units

  


Materials

  

Conversion
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

  

 

 

   
                 
Costs       Materials   Conversion
Costs		   Total

Unit costs

                

   Total cost

      

$

  

$

  

$

   Equivalent units

      

 

   

   Unit costs

      

$

  

$

  

$
                 

Costs to be accounted for

                

   Work in process, November 1

              

$

   Started into production

              

      Total costs

              

$
                 

Cost Reconciliation Schedule

                

Costs accounted for

                

   Transferred out

              

$

   Work in process, November 30

                

      Materials

          

$

    

      Conversion costs

          

 

   Total costs

              

$

 

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 05:08 PM My Price 13.00

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