Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2014 totaled $2,143,625 as follows.
| Work in process, November 1 |
|
|
|
|
| Materials |
|
$78,530 |
|
|
| Conversion costs |
|
48,070 |
|
$126,600 |
| Materials added |
|
|
|
1,451,988 |
| Labor |
|
|
|
225,700 |
| Overhead |
|
|
|
339,337 |
Production records show that 35,490 units were in beginning work in process 30% complete as to conversion costs, 660,200 units were started into production, and 24,100 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process.
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
|
|
$
|