Prepare a production cost report for the Assembly Department.
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.
