Assume that the assembly department of advanced

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Reference no: EM13601011

Advanced Technologies produces notebook computers in three departments: assembly, testing, and packing. Prior to the start of the production process, all the materials and component parts needed to assemble a computer are placed into a "kit." Manufacturing begins when the assembly department receives a kit and begins putting the computer together. Therefore, all materials are added at the beginning of work in the assembly department. Conversion costs are added evenly throughout the assembly process.

Assume that the assembly department of Advanced Technologies began April with 500 units in its work in process inventory. Assembly on these units was three-fourths complete at the beginning of the month. During the month, 3,000 units were started in the assembly department. At the end of the month, 300 of the units started were still in process; assembly on these units was two-thirds complete.

The costs associated with production in assembly during April were as follows:

Cost of units in beginning work in process inventory $120,000

Cost of materials used in April 700,000

Cost of direct labor and overhead for April 600,000

Required: Follow the four steps necessary to determine the cost of goods completed and the ending inventory valuation in a process cost system and prepare the Production Cost Report using the form provided.

Reference no: EM13601011

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