View the step-by-step solution to:

Question

Cavalier company has several processing departments. Cost charged to the assembly department for November 2020

totalled $2,229,000 as follows:


Work in process, November 1

Materials: $69,000

Conversion costs: 48,150 $117,150

Materials added: 1,548,000

Labour: 225,920

Overhead: 337,930


Production records show that 35,000 units were in beginning work in process, 30% complete in terms of conversion costs, 700,000 units were started into production, and 25,000 units were in ending work in process, 40% complete in terms of conversion costs. Materials are entered at the beginning of each process.


a) Determine the equivalent units of production costs for the assembly department

b) Determine the assignment of costs to goods transferred out and in process

c) production cost report for the assembly department

Top Answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question