P3.4 (LO 3, 4), AP Rivera SpA has several processing departments. Costs charged to the Assembly Department for November 2020 totaled €2,280,000 as follows. Work in process, November 1 Materials Conversion costs Materials added Labor Overhead €79,000 48,150 € 127,150 imgiup 1,589,000 A 225,920 337,930 Production records show that 35,000 units were in beginning work in process 30% complete as to conver- sion costs, 660,000 units were started into production, and 25,000 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process. Instructions a. Determine the equivalent units of production and the unit production costs for the Assembly Department. DOLS b. Determine the assignment of costs to goods transferred out and in process. c. Prepare a production cost report for the Assembly Department.

P3.4 (LO 3, 4), AP Rivera SpA has several processing departments. Costs charged to the Assembly Department for November 2020 totaled €2,280,000 as follows. Work in process, November 1 Materials Conversion costs Materials added Labor Overhead €79,000 48,150 € 127,150 imgiup 1,589,000 A 225,920 337,930 Production records show that 35,000 units were in beginning work in process 30% complete as to conver- sion costs, 660,000 units were started into production, and 25,000 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process. Instructions a. Determine the equivalent units of production and the unit production costs for the Assembly Department. DOLS b. Determine the assignment of costs to goods transferred out and in process. c. Prepare a production cost report for the Assembly Department.

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

1
P3.4 (LO 3, 4), AP Rivera SpA has several processing departments. Costs charged to the Assembly
Department for November 2020 totaled €2,280,000 as
Work in process, November 1
Materials
Conversion costs
Materials added
Labor
Overhead
€79,000
48,150
€ 127,150
1,589,000 AEQU
225,920 nl nighsfilm
337,930
Production records show that 35,000 units were in beginning work in process 30% complete as to conver
sion costs, 660,000 units were started into production, and 25,000 units were in ending work in process
40% complete as to conversion costs. Materials are entered at the beginning of each process.
Instructions
a. Determine the equivalent units of production and the unit production costs for the Assembly
Department.
b. Determine the assignment of costs to goods transferred out and in process.
c. Prepare a production cost report for the Assembly Department.

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