APPENDIX B
PROCESS COST SYSTEMS
EXERCISES
E–1
a. Work in Process—Blending Department Increase
E–2
Materials
Factory Overhead—
Smelting Dept.
Work in Process—
Smelting Dept.
XXX
XXX
XXX
XXX
Factory Overhead—
Work in Process—
XXX
XXX
XXX
Factory Overhead—
Work in Process—
XXX
XXX
XXX
XXX
XXX
XXX
E–3
a. and b.
A
B
C
1
a. Units
b. Equivalent Units
of Production
2
Units to be accounted for:
3
Beginning Work in Process
3,500
4
5
Total
6
Units to be assigned costs:
7
Transferred to Packing Department
8
Inventory in process, ending (30% completed)
9
Total
*30% × 3,200
E–4
a. Drawing Department
A
B
C
1
Units
Equivalent Units
of Production
2
Units to be accounted for:
3
Beginning Work in Process
3,000
4
5
Total
6
Units to be assigned costs:
7
Transferred to Winding Department in May
8
completed)
9
Total
*55% × 4,000
b. Winding Department
A
B
C
1
Units
Equivalent Units
of Production
2
Units to be accounted for:
3
Beginning Work in Process
2,000
4
5
Total
6
Units to be assigned costs:
7
Transferred to Finished Goods in May
8
9
Total
*25% × 2,800
E–5
a. Units in process, July 1 ……………………………………… 20,000
b.
A
B
C
1
Units
Equivalent Units
of Production
2
Units to be accounted for:
3
Beginning Work in Process
20,000
4
Units started during the period
144,000
5
Total
6
Units to be assigned costs:
7
Transferred to Finished Goods in July
8
Inventory in process, July 31 (60% completed)
9
Total
*60% × 21,500
E–6
a. and b.
A B C
1
a. Units b. Equivalent Units
of Production
2 Units to be accounted for:
3 Beginning Work in Process 10,000