Pits burgh Aluminum Company uses a process cost system to record the costs of ma
ID: 2387827 • Letter: P
Question
Pits burgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum. which requires a series of four processes. The inventory of work in process Rolling on June June 1.2010, and debits to the account during June where as follows: During July, the units in process at the beginning of the month were completed, except 6, 000 units thus were completed. Enter the balance as of June 1,2010, in a four-column account for Work in Process-Rolling. Record the debits and the credits in the account for June. Construct a cost of production report and present computations for determining equivalent units of production for materials and conversion, costs per equivalent unit, cost goods finished, differentiating between units started in the prior period and units started and finished in June, and work in process inventory. Provide the same information for July by recording the July transactions in the four-column work in process account. Construct a cost of production report, and present the July computations (a through d) listed in part (1) Comment on the change in costs per equivalent unit for May through July for direct materials and conversion cost.Explanation / Answer
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