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Create a production cost report for the assembly department

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Reference no: EM132837963

Question - 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 Materials $79,000

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% to conversion costs, 662,700 units were started into production, and 24,100 units were in ending work in process 40% to conversion costs. Materials are entered at the beginning of each process.

Required -

Determine the equivalent units of production and the unit production costs for the Assembly Department.

Determine the assignment of costs to goods transferred out and in process.

Create a production cost report for the Assembly Department.

Reference no: EM132837963

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