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SOLUTIONS TO EYERCISES Problems: Set A 115 P3-4A Rivera Company has several processing departments. Costs charged to the Assem- bly Department for November 2014 totaled $2,280,000 as follows. Assign costs and prepare production cost report. (LO 5, 6, 7), AP Work in process, November 1 Materials Conversion costs $79,000 48,150 $ 127,150 Materials added 1,589,000 Labor 225,920 337,930 Overhead Production records show that 35,000 units were in beginning work in process 30% com- plete as to conversion costs, 660,000 units were started into production, and 25,000 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process. Instructions (a) Determine the equivalent units of production and the unit production costs for the Assembly Department. (b) Determine the assignment of costs to goods transferred out and in process. (c) Prepare a production cost report for the Assembly Department. (b) Transferred $2,211,000 69,000 out WIP P3-5A Morse Company manufactures basketballs. Materials are added at the beginning Determine equivalent units of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2014 are as follows. and unit costs and assign costs.

SOLUTIONS TO EYERCISES Problems: Set A 115 P3-4A Rivera Company has several processing departments. Costs charged to the Assem- bly Department for November 2014 totaled $2,280,000 as follows. Assign costs and prepare production cost report. (LO 5, 6, 7), AP Work in process, November 1 Materials Conversion costs $79,000 48,150 $ 127,150 Materials added 1,589,000 Labor 225,920 337,930 Overhead Production records show that 35,000 units were in beginning work in process 30% com- plete as to conversion costs, 660,000 units were started into production, and 25,000 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process. Instructions (a) Determine the equivalent units of production and the unit production costs for the Assembly Department. (b) Determine the assignment of costs to goods transferred out and in process. (c) Prepare a production cost report for the Assembly Department. (b) Transferred $2,211,000 69,000 out WIP P3-5A Morse Company manufactures basketballs. Materials are added at the beginning Determine equivalent units of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2014 are as follows. and unit costs and assign costs.

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...
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SOLUTIONS TO EYERCISES Problems: Set A 115 P3-4A Rivera Company has several processing departments. Costs charged to the Assem- bly Department for November 2014 totaled $2,280,000 as follows. Assign costs and prepare production cost report. (LO 5, 6, 7), AP Work in process, November 1 Materials Conversion costs $79,000 48,150 $ 127,150 Materials added 1,589,000 Labor 225,920 337,930 Overhead Production records show that 35,000 units were in beginning work in process 30% com- plete as to conversion costs, 660,000 units were started into production, and 25,000 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process. Instructions (a) Determine the equivalent units of production and the unit production costs for the Assembly Department. (b) Determine the assignment of costs to goods transferred out and in process. (c) Prepare a production cost report for the Assembly Department. (b) Transferred $2,211,000 69,000 out WIP P3-5A Morse Company manufactures basketballs. Materials are added at the beginning Determine equivalent units of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2014 are as follows. and unit costs and assign costs.
Transcribed Image Text:SOLUTIONS TO EYERCISES Problems: Set A 115 P3-4A Rivera Company has several processing departments. Costs charged to the Assem- bly Department for November 2014 totaled $2,280,000 as follows. Assign costs and prepare production cost report. (LO 5, 6, 7), AP Work in process, November 1 Materials Conversion costs $79,000 48,150 $ 127,150 Materials added 1,589,000 Labor 225,920 337,930 Overhead Production records show that 35,000 units were in beginning work in process 30% com- plete as to conversion costs, 660,000 units were started into production, and 25,000 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process. Instructions (a) Determine the equivalent units of production and the unit production costs for the Assembly Department. (b) Determine the assignment of costs to goods transferred out and in process. (c) Prepare a production cost report for the Assembly Department. (b) Transferred $2,211,000 69,000 out WIP P3-5A Morse Company manufactures basketballs. Materials are added at the beginning Determine equivalent units of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2014 are as follows. and unit costs and assign costs.
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