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Cavalier Company has several processing departments. Costs charged to the assembly department for November 2020 totalled...

Cavalier Company has several processing departments. Costs charged to the assembly department for November 2020 totalled $1,991,382 as follows:

Work in process, November 1
Materials $68,900
Conversion costs 47,000 $115,900
Materials added 1,414,100
Labour 222,500
Overhead 238,882


Production records show that 35,500 units were in beginning work in process, 30% complete in terms of conversion costs, 706,000 units were started into production, and 25,400 units were in ending work in process, 40% complete in terms of conversion costs. Materials are entered at the beginning of each process.

Determine the equivalent units of production and the unit production costs for the assembly department. (Round unit costs to 2 decimal places, e.g. 15.25.)

Equivalent units Unit cost
Materials $  per unit
Conversion costs $  per unit

  

  

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

Costs accounted for
Transferred out $
Work in process, November 30
Materials $
Conversion costs
   Total costs $

  

  

Prepare a production cost report for the assembly department. (Round unit costs to 2 decimal places, e.g. 15.25.)

CAVALIER COMPANY
Assembly Department
Production Cost Report
For the Month Ended November 30, 2020
Equivalent Units
Quantities Physical Units Materials Conversion Costs Total
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
Unit costs
Costs in November $ $ $
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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