Problem- A Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2017 totaled $ 2,309,600 as follows.
| Work in process, November 1 |
| Materials |
$ 79,200 |
| Conversion costs |
48,100 |
$ 127,300 |
| Materials added |
1,606,000 |
| Labor |
225,800 |
| Overhead |
350,500 |
Production records show that 35,500 units were in beginning work in process 30% complete as to conversion costs, 660,200 units were started into production, and 25,500 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.)
Determine the assignment of costs to goods transferred out and in process.
Prepare a production cost report for the Assembly Department.