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Luxman Company 1298400

Price: $2.50


Luxman Company has several processing departments. Costs charged to the Assembly
Department for October 2014 totaled $1,298,400 as follows.


Beginning work in process 
 Materials   29,000
Conversion costs   16,500  45,500
Materials   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.

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