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Accounting

a.) Determine teh equivalent units of porduction and teh unit production costs for the Assembly Department.

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

c.) Prepare a production sheet cost report for the Assembly Department.

All base off of the following information...

McNair Co has severyal psorcessing departments. Costs charged to teh Assembly Department for October 2011 totaled $1,249,500 as follows.

Work in process, October 1

Materials $29,000
Conversion costs 16,500
Materials added 1,006.00
Labor 90,000
Overhead 108,000

Production records show that 25,000 units were in beginning work in process 40% complete as to conversion cost, 425,000 unites were started into production and 35,000 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9977552

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