Rivera Company has several processing departments. Costs charged to the Assembly Department for Nove 1 answer below »

Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2014 totaled $2,826,246 as follows. Work in process, November 1     Materials $66,490     Conversion costs 49,710 $116,200 Materials added 1,828,818 Labor 220,350 Overhead 660,878

Determine the assignment of costs to goods transferred out and in process. (Round intermediate calculations to 2 decimal places, e.g. 1.25. Round final answers to 0 decimal places, e.g. 1,250.)

Costs accounted for

   Transferred out

$

   Work in process, November 30

      Materials

$

      Conversion costs

   Total costs $ Your answer is partially correct.

Determine the assignment of costs to goods transferred out and in process. (Round intermediate calculations to 2 decimal places, e.g. 1.25. Round final answers to 0 decimal places, e.g. 1,250.)

Costs accounted for

   Transferred out

$2728992

   Work in process, November 30

      Materials

$75980

      Conversion costs

21274.39

97254

   Total costs

$2826246

RIVERA COMPANY
Assembly Department
Production Cost Report
For the Month Ended November 30, 2014

Equivalent Units

Quantities

Physical
Units

Materials

Conversion
Costs

Units to be accounted for

   Work in process, November 1

   Started into production

      Total units

Units accounted for

   Transferred out

   Work in process, November 30

      Total units

Costs Materials Conversion
Costs Total

Unit costs

   Total cost

$

$

$

   Equivalent units

   Unit costs

$

$

$

Costs to be accounted for

   Work in process, November 1

$

   Started into production

      Total costs

$

Cost Reconciliation Schedule

Costs accounted for

   Transferred out

$

   Work in process, November 30

      Materials

$

      Conversion costs

   Total costs

$

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