Work in Process Account Data for Two Months; Cost of Production ReportsPittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum, which consists of the smelting and rolling processes.Materials are entered from smelting at the beginning of the rolling process. The inventory of Work in Process-Rolling on September 1 and debits to the account duringSeptember were as follows:Bal., 1,200 units, 60% completed:Direct materials (1,200 x $3.6)$ 4,320Conversion (1,200 x 60% x $1.5)1,080$ 5,400From Smelting Department, 27,000 units$99,900Direct labor25,667Factory overhead13,821During September, 1,200 units in process on September 1 were completed, and of the 27,000 units entering the department, all were completed except 3,500 units thatwere 20% completed. Charges to Work in Process-Rolling for October were as follows:From Smelting Department, 31,000 units$120,900Direct labor35,450Factory overhead19,086During October, the units in process at the beginning of the month were completed, and of the 31,000 units entering the department, all were completed except 1,600units that were 80% completed. 1. Enter the balance as of September 1 in a four-column account for Work in Process-Rolling. Record the debits and the credits in the account for September. Constructa cost of production report and present computations for determining (a) equivalent units of production for materials and conversion, (b) costs per equivalent unit, (c)cost of goods finished, differentiating between units started in the prior period and units started and finished in September, and (d) work in process inventory. If anamount box does not require an entry, leave it blank.ACCOUNTWork in Process-Rolling DepartmentACCOUNT NO.BALANCEDATEITEMPOST. REF.DEBITCREDITDEBITCREDITSept. 1Bal., 1,200 units, 60% completedSept. 30Smelting Dept., 27,000 units at $3.7Sept. 30Direct laborSept. 30Factory overheadSept. 30Finished goodsSept. 30Bal., 3,500 units, 20% completed

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Description: Work in Process Account Data for Two Months; Cost of Production ReportsPittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum, which consists of the smelting and rolling processes.Materials are en

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Work in Process Account Data for Two Months; Cost of Production Reports Pittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum, which consists of the smelting and rolling processes. Materials are entered from smelting at the beginning of the rolling process. The inventory of Work in Process-Rolling on September 1 and debits to the account during September were as follows: Bal., 1,200 units, 60% completed: Direct materials (1,200 x $3.6) $ 4,320 Conversion (1,200 x 60% x $1.5) 1,080 $ 5,400 From Smelting Department, 27,000 units $99,900 Direct labor 25,667 Factory overhead 13,821 During September, 1,200 units in process on September 1 were completed, and of the 27,000 units entering the department, all were completed except 3,500 units that were 20% completed. Charges to Work in Process-Rolling for October were as follows:

Work in Process Account Data for Two Months; Cost of Production Reports Pittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum, which consists of the smelting and rolling processes. Materials are entered from smelting at the beginning of the rolling process. The inventory of Work in Process-Rolling on September 1 and debits to the account during September were as follows: Bal., 1,200 units, 60% completed: Direct materials (1,200 x $3.6) $ 4,320 Conversion (1,200 x 60% x $1.5) 1,080 $ 5,400 From Smelting Department, 27,000 units $99,900 Direct labor 25,667 Factory overhead 13,821 During September, 1,200 units in process on September 1 were completed, and of the 27,000 units entering the department, all were completed except 3,500 units that were 20% completed. Charges to Work in Process-Rolling for October were as follows:

FINANCIAL ACCOUNTING

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