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
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. 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
Conversion Costs ________ ________ Total Costs $_______
- Prepare a production cost report for the Assembly Department (attached picture of Production Cost Report)