Current Attempt in Progress. vanhoe Company has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled $2.282.148 as follows Work in process, November 1 Conversion costs Direct materials added during November Direct labor incurred during November Manufacturing overhead assigned during November $79,300 48.600 $127.900 1.590,380 226,000 337,868 $2.282.148 Production records show that 34,600 units were in beginning work in process 30% complete as to conversion costs, 661.100 units were started into production, and 25,300 units were in ending work in process 40% complete as to conversion costs Materials are added at the beginning of each process, and conversion costs are incurred uniformly throughout the process

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Units to be accounted for
Work in process, November 1
Costs
Started into production
Total units
Units accounted for
Completed and transderred out
Work in process, November 30
Total units
Costs
Unit costs
Total Costs
-Unit costs
Total Costs
Equivalent units
Unit costs
Costs to be accounted for
Work in process, November 1
Started into production
Total costs
Cost Reconciliation Schedule
Costs accounted for
Completed and transferred out
Work in process, November 30
Conversion costs
Total costs
Physical
Units
IVANHOE COMPANY
Assembly Department
Production Cost Report
Materials
Materials
Materials
Equivalent Units
S
Conversion
Costs
Conversion
Costs
Conversion
Costs
$
Total
Total
Transcribed Image Text:Units to be accounted for Work in process, November 1 Costs Started into production Total units Units accounted for Completed and transderred out Work in process, November 30 Total units Costs Unit costs Total Costs -Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, November 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Completed and transferred out Work in process, November 30 Conversion costs Total costs Physical Units IVANHOE COMPANY Assembly Department Production Cost Report Materials Materials Materials Equivalent Units S Conversion Costs Conversion Costs Conversion Costs $ Total Total
Current Attempt in Progress
Wanhoe Company has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled $2.282.148 as follows.
Work in process, November 1
4
Conversion costs
Direct materials added during November
Direct labor incurred during November
Manufacturing overhead assigned during November
$79,300
48,600
$127.900
1.590,380
226,000
337,868
$2.282.148
Production records show that 34,600 units were in beginning work in process 30% complete as to conversion costs, 661.100 units were started into production, and 25,300 units were in ending
work in process 40% complete as to conversion costs Materials are added at the beginning of each process, and conversion costs are incurred uniformly throughout the process
Transcribed Image Text:Current Attempt in Progress Wanhoe Company has several processing departments. Costs to be accounted for in the Assembly Department for November 2022 totaled $2.282.148 as follows. Work in process, November 1 4 Conversion costs Direct materials added during November Direct labor incurred during November Manufacturing overhead assigned during November $79,300 48,600 $127.900 1.590,380 226,000 337,868 $2.282.148 Production records show that 34,600 units were in beginning work in process 30% complete as to conversion costs, 661.100 units were started into production, and 25,300 units were in ending work in process 40% complete as to conversion costs Materials are added at the beginning of each process, and conversion costs are incurred uniformly throughout the process
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