mhfoster0708
Sep 27, 2013, 05:29 PM
Question: Prepare a production cost report for the Assembly Department.
(Given the information below)
Estrella Company has several processing departments. Costs charged to the Assembly Department for November 2012 totaled $3,338,658 as follows.
Work in process, November 1
Materials $70,160
Conversion costs 48,030 $118,190
Materials added 2,236,024
Labor 221,020
Overhead 763,424
Production records show that 36,400 units were in beginning work in process 24% complete as to conversion costs, 700,400 units were started into production, and 29,000 units were in ending work in process 49% complete as to conversion costs. Materials are entered at the beginning of each process.
(Given the information below)
Estrella Company has several processing departments. Costs charged to the Assembly Department for November 2012 totaled $3,338,658 as follows.
Work in process, November 1
Materials $70,160
Conversion costs 48,030 $118,190
Materials added 2,236,024
Labor 221,020
Overhead 763,424
Production records show that 36,400 units were in beginning work in process 24% complete as to conversion costs, 700,400 units were started into production, and 29,000 units were in ending work in process 49% complete as to conversion costs. Materials are entered at the beginning of each process.