Production records show that 34950 units were in beginning

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

Questions Cloud

Perform an internet search using the term break-even : perform an internet search using the term break-even analysis. select and read a case study or article from the results

A extraction plant uses an applied emf of 30v and a current : a extraction plant uses an applied emf of 3.0v and a current of 310000 a. one tonne of aluminium is extracted after 16

Spacer company has two service departments and two : spacer company has two service departments and two operating departments. budgeted costs and budgeted activity in the

A rock climber of mass 55 kg is hanging suspended from a : a rock climber of mass 55 kg is hanging suspended from a rope tied to another climber ofmass 65 kg on a horizontal

Production records show that 34950 units were in beginning : rivera company has several processing departments. costs charged to the assembly department for november 2014 totaled

Finished goods inventory is 185000 if overhead applied to : 1.finished goods inventory is 185000. if overhead applied to these goods is 74000 and the overhead rate is 110 of

At an altitude of 300 m the field has magnitude 600 nc at : it is found experimentally that the electric field in a certain region of earths atmosphere is directed vertically

On january 1 2010 bartley corp paid 800000 for 100000 : on january 1 2010 bartley corp. paid 800000 for 100000 shares of oak companys common stock which represents 40 of oaks

A plane sinusoidal electromagnetic wave in air has a : a plane sinusoidal electromagnetic wave in air has a wavelength of 3.84 cm and an e-field amplitude of 1.35 vm.a what

User Account

All Pages