Student Name:
Class:
2,900
100
3,000 <–Correct!
2,900
90
2,990 <–Correct!
2,600
240
2,840 <–Correct!
2,600
240
2,840 <–Correct!
2,200
2,560 <–Correct!
2,560 <–Correct!
Equivalent production for labor and overhead in completion department
Work in process
Labor and Overhead: Units transferred to finished goods
Equivalent production for materials in completion department
Work in process
Equivalent production for materials in molding department
Work in process
Equivalent production for labor and overhead in assembly department
Labor and Overhead: Units transferred to assembly department
Instructor
Work in process
Labor and Overhead: Units transferred to completion department
Materials: Units transferred to assembly department
Equivalent production for materials in assembly department
Work in process
Materials: Units transferred to completion department
Equivalent production for labor and overhead in molding department
Assembly Department
Work in process
Problem 28.01A
McGraw-Hill/Irwin
Molding Department
Month Ended December 31, 2013
Equivalent Production Computations
GOING GREEN INC.
Materials: Units transferred to finished goods
Completion Department
Molding Assembly Completion
Department Department Department
3,000 – –
– 2,900 2,600
2,900 2,600 –
– – 2,200
100 300 400
100% 100% 90%
90% 80% 90%
90% 80% 90%
Work in process – ending
Transferred out to finished goods
Transferred out to next department
Overhead
Labor
Materials
Stage of Completion – Ending Work in Process
Transferred in from prior department
Started in production – current month
Quantities
Given Data P28.01A
Student Name:
Class:
Post
Date Description Ref Debit Credit
2013
Jun. 30 45,000.00
7,380.00
52,380.00
30 34,986.00
14,790.00
3,086.11
721.75
7,500.00
38,468.14
30 16,513.00
7,830.00
24,343.00
30 87,795.00
87,795.00
30 110,670.00
110,670.00
30 150,000.00
150,000.00
30 76,500.00
76,500.00
4,500
500
5,000 <–Correct!
4,500
400
4,900 <–Correct!
4,200
300
4,500 <–Correct!
4,200
150
4,350 <–Correct!
Labor and manufacturing overhead: Units transferred out to next dept.
Work in process – ending: 500 units
Fabricating Department
Materials: Units transferred out to next department
RAHC GAMES, INC.
Manufacturing Overhead
Work in Process – Assembly Department
Equivalent unit production for materials
Labor and manufacturing overhead: Units transferred out to finished goods
Work in process – ending: 300 units
Equivalent unit production for labor and overhead
Equivalent unit production for labor and overhead
Assembly Department
Materials: Units transferred out to finished goods
Equivalent unit production for materials
RAHC GAMES, INC.
Sales
Work in Process – Assembly Department
Salaries and Wages Payable
Employee Income Tax Payable
Medicare Tax Payable
Work in Process – Fabricating Department
Raw Materials
Work in Process – Fabricating Department
Social Security Tax Payable
Work in process – ending: 300 units
Work in process – ending: 500 units
Work in Process – Assembly Department
Work in Process – Assembly Department
Month Ended June 30, 2013
Computation of Equivalent Unit Production
Finished Goods Inventory
Cost of Goods Sold
Work in Process – Fabricating Department
Accounts Receivable
Work in Process – Assembly Department
GENERAL JOURNAL
Finished Goods
Work in Process – Fabricating Department
Instructor
McGraw-Hill/Irwin
Problem 28.02A
UNITS
5,000
5,000
Correct!
4,500
500
5,000
Correct!
TOTAL COST E.P. UNITS UNIT COST
45,000 5,000 9.00
34,986 4,900 7.14
16,513 4,900 3.37
96,499 19.51
Correct!
87,795 4,500 19.51
4,500 500 9.00
2,856 400 7.14
1,348 400 3.37
–
8,704
96,499
Correct!
UNITS
4,500
4,500
Correct!
4,200
300
4,500
Correct!
TOTAL COST E.P. UNITS UNIT COST
87,795 4,500 19.51
7,380 4,500 1.64
14,790 4,350 3.40
7,830 4,350 1.80
30,000 6.84
5,853 300 19.51
Labor
Work in process – ending
Transferred out to finished goods
Costs accounted for
Cumulative cost total
Total current department costs
Manufacturing Overhead
Materials
Costs in current department
Costs in prior department
Costs in current department
Costs in prior department
Costs in current department
Costs to be accounted for
COST SCHEDULE
Month Ended June 30, 2013
Total accounted for
Work in process – ending
Cost of Production Report – Fabricating Department
RAHC GAMES, INC.
RAHC GAMES, INC.
Cost of Production Report – Assembly Department
Month Ended June 30, 2010
Total accounted for
Work in process – ending
Transferred out to finished goods
Quantity accounted for
Total to be accounted for
Transferred in from prior department
Work in process – ending
Transferred out to next department
Total costs accounted for
Total work in process – ending
Rounding adjustment
Manufacturing Overhead
Costs accounted for
Total to be accounted for
Started in production
Cumulative cost total
Manufacturing Overhead
Labor
Materials
Labor
Costs to be accounted for
COST SCHEDULE
Quantity to be accounted for
QUANTITY SCHEDULE
Quantity to be accounted for
QUANTITY SCHEDULE
Transferred out to next department
Quantity accounted for
Materials
492 300 1.64
510 150 3.40
270 150 1.80
–
7,125
117,795
Correct!
Total costs accounted for
Total Work in process
Rounding adjustment
Manufacturing Overhead
Labor
Materials
Fabricating Assembly
Department Department
45,000$ 7,380$
34,986 14,790
16,513 7,830
96,499$ 30,000$
5,000 –
– 4,500
4,500 –
– 4,200
500 300
100% 100%
80% 50%
80% 50%
3,086.11$
721.75$
7,500.00$
150,000.00$
76,500.00$
Given Data P28.02A
Cost of Goods Manufactured
Sales on credit for the month
Federal income tax
Medicare tax
Social Security tax
Monthly payroll for the producing departments:
Started in production
Manufacturing Overhead
Labor
Materials
Work in process – ending
RAHC GAMES, INC.
Data for June, 2013
Materials
Costs
Stage of Completion – Ending Work in Process
Quantities
Total Costs
Manufacturing overhead
Labor
Transferred out to finished goods
Transferred out to next department
Transferred in from prior department