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Chapter 17 Problems: Set B P17-1B Wilbury Company manufactures a nutrient, Everlife, through two manufacturing processes: Blending and Packaging. All...
P17-4B Luxman Company has several processing departments. Costs charged to the Assembly Department for October 2017 totaled $1,298,400 as follows.
Work in process units, October 1
Materials $29,000
Conversion costs 16,500 $ 45,500
Materials added 1,006,000
Labor 138,900
Overhead 108,000
Production records show that 25,000 units were in beginning work in process 40% complete as to conversion cost, 435,000 units 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.
Instructions
(a) Determine the equivalent units of production and the unit production costs for the Assembly Department.
(b) Determine the assignment of costs to goods transferred out and in process.
(c) Prepare a production cost report for the Assembly Department.
