Production records show that 34950 units were in beginning

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Reference no: EM13586141

Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2014 totaled $2,352,610 as follows.

Work in process, November 1
Materials	$79,310
Conversion costs	48,490	$127,800
Materials added		1,591,690
Labor		225,800
Overhead		407,320

Production records show that 34,950 units were in beginning work in process 30% complete as to conversion costs, 661,300 units were started into production, and 24,400 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 unit costs to 2 decimal places, e.g. 2.25.)

Materials

Conversion Costs

Equivalent Units

696250

681610

Cost per unit

2.40

1.00

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

Costs accounted for:
Transferred out		$
Work in process, November 30
Materials	$
Conversion costs
Total costs		$

Reference no: EM13586141

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