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ACC- Rivera Company Problem

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Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2014 totaled $2,357,462 as follows.;Work in process, November 1;Materials $78,880;Conversion costs;48,840-;$127,720 -;Materials added 1,595,672;Labor 225,800-;Overhead 408, 270;Production records show that 34,830 units were in beginning work in process 30% complete as to conversion costs, 662,900 units were started into production, and 24,7000 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. (Round cost per unit answers to 2 decimal places, e.g. 2.25.);Determine the assignment of costs to goods transferred out and in process. (Use rounded amounts from above for successive calculations. Round answer to 0 decimal places, e.g. 125.);Prepare a production cost report for the Assembly Department

 

Paper#81628 | Written in 18-Jul-2015

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