Question

For this problem we have to put it in like the book shows examples, for instance how they have 3 colums one with physical units direct materials and conversion cost with the lables for things on the left saying where they go and what their for. I need help on this, its hard for me to understand and i would really appriciate it if the person who works on this problem could explain to me what and how you got the numbers and make the actual production cost report.

Amy Electronics makes game consoles in three processes: assembly, programming, and packing. Direct material are added a the beginning of the assembly process. Conversion cost are incurred evenly throughout the process. The assembly department had no work in process inventory on october 31. In mid- november, amy electronics started production on 101,000 game consoles. Of this number, 76,900 game consols were assembled during November and transfered out to the programming department. The november 30 work in process inventory in the assembly department was 35% of the way through the assembly process. Direct materials costing 375,720 were placed in production in assembly during november, direct labor of 157,500 was assigned, and manufacturing overhead of 98,505 was allocated to that department.

1.Prepare a production cost report for the Assembly Department for november. The company uses the wighted average method.

2.Prepare a T-account for work in process inventory-Assembly to show its activity during november, including the november balance.

Answer 1

Weighted average cost
Beggining units	0	Transferred out	76,900
Started intro production	101000	Ending units	24,100
Units accounted for	101000		101000
Equivalent units	Material	Conversion cost
Units transferred                      A	76900	76900
Ending Units	24,100	24,100
Completion	100%	35%
B	24100	8435
Total units	101000	85335
Cost per equivalent units
Particulars	Material	Conversion cost	total
As at beginning	0	0	0
Added during the month	375720	256005	631725
Cost to be accounted for	375720	256005	631725
Total eqivalent units	101000	85335
Cost per equivalent unit	3.72	3.00	6.72
Cost per equivalent unit = Cost to be accounted for / Total equivalent units

	Cost of ending work in progress
			Conversion cost
	Particulars	Material		Total
	Ending units	24,100	24,100
	Cost per equivalent units	3.72	3.00
	Completion	100%	35%
	Total cost	89652	25305	114957
	Cost of goods transferred		Conversion cost
	Particulars	Material		Total
	Number of units	76900	76900
	Cost per equivalent units	3.72	3.00	6.72
	Total amount	286068	230700	516768
	Reconciliation report
	Cost of goods transferred		516768
Add	Work in proress ending
	Material	89652
	Conversion cost	25305	114957
	Total cost accounted for		631725