Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,268,894 as follows. Work in process, November 1 Materials Conversion costs Materials added Labor Overhead $78,800 48,800 $127,600 1,581,280 225,000 335,014 Production records show that 35,400 units were in beginning work in process 30% complete as to conversion costs, 656,300 units were started into production, and 25,400 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled
$2,268,894 as follows.
Work in process, November 1
Materials
Conversion costs
Materials added
Labor
Overhead
$78,800
48,800
$127,600
1,581,280
225,000
335,014
Production records show that 35,400 units were in beginning work in process 30% complete as to conversion costs, 656,300 units
were started into production, and 25,400 units were in ending work in process 40% complete as to conversion costs. Materials are
entered at the beginning of each process.
Transcribed Image Text:Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,268,894 as follows. Work in process, November 1 Materials Conversion costs Materials added Labor Overhead $78,800 48,800 $127,600 1,581,280 225,000 335,014 Production records show that 35,400 units were in beginning work in process 30% complete as to conversion costs, 656,300 units were started into production, and 25,400 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process.
Costs
Unit costs
Total Costs
Equivalent
units
Unit costs
Costs to be
accounted for
Work in
process,
November 1
Started into
production
Total costs
$
$
Materials
$
$
Conversion
Costs
$
$
$
$
Tc
Transcribed Image Text:Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, November 1 Started into production Total costs $ $ Materials $ $ Conversion Costs $ $ $ $ Tc
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