Prob. 18–2A (FINMAN); Prob. 3–2A (MAN)
1.
Whole Direct
UNITS Units Materials Conversion
Units charged to production:
Inventory in process, May 1 1,200
Received from materials storeroom 18,900
Total units accounted for by the
ABICA COFFEE COMPANY
Cost of Production Report—Roasting Department
For the Month Ended May 31, 2014
Equivalent Units
18-41
Prob. 18–2A (FINMAN); Prob. 3–2A (MAN) (Continued)
Direct
COSTS Materials Conversion Total
Costs per equivalent unit:
Total costs for May in Roasting
Total costs accounted for by the
Roasting Department $107,340
Cost allocated to completed and
partially completed units:
Inventory in process, May 1 balance $ 5,610
To complete inventory in process,
1$12,400 + $8,060
Costs
18-42
Prob. 18–2A (FINMAN); Prob. 3–2A (MAN) (Concluded)
Computations:
18-43
Prob. 18–3A (FINMAN); Prob. 3–3A (MAN)
1.
Whole Direct
UNITS Units Materials Conversion
Units charged to production:
Inventory in process, July 1 700
Received from Milling Department 12,300
Total units accounted for by the
LILY FLOUR COMPANY
Cost of Production Report—Sifting Department
For the Month Ended July 31, 2014
Equivalent Units
18-44
Prob. 18–3A (FINMAN); Prob. 3–3A (MAN) (Continued)
Direct
COSTS Materials Conversion Total
Costs per equivalent unit:
Total costs for July in Sifting
Cost allocated to completed and
partially completed units:
Inventory in process, July 1 balance $ 2,037
To complete inventory in process,
1$4,670 + $2,758
Costs
18-45
Prob. 18–3A (FINMAN); Prob. 3–3A (MAN) (Concluded)
2. Work in Process—Sifting Department 31,980
4. The cost of production report may be used as the basis for allocating product
costs between Work in Process and Transferred-Out (or Finished) Goods. The
18-46
Prob. 18–4A (FINMAN); Prob. 3–4A (MAN)
1. and 2.
Item Dr. Cr. Dr. Cr.
Apr. 1 Bal., 800 units, 30% completed 3,860
Date
Balance
Work in Process—Filling
18-47
Prob. 18–4A (FINMAN); Prob. 3–4A (MAN) (Continued)
Whole Direct
UNITS Units Materials Conversion
(a) (a)
Units charged to production:
HEARTY SOUP CO.
Cost of Production Report—Filling Department
For the Month Ended April 30, 2014
Equivalent Units
18-48
Prob. 18–4A (FINMAN); Prob. 3–4A (MAN) (Continued)
Direct
COSTS Materials Conversion Total
Total costs accounted for by the
Filling Department $53,129
Cost allocated to completed and
partially completed units:
Inventory in process, April 1
1$8,562 + $6,387
Costs
18-49
Prob. 18–4A (FINMAN); Prob. 3–4A (MAN) (Continued)
2.
Whole Direct
UNITS Units Materials Conversion
(a) (a)
Units charged to production:
Inventory in process, May 1 550
Received from Cooking Department 9,600
HEARTY SOUP CO.
Cost of Production Report—Filling Department
For the Month Ended May 31, 2014
Equivalent Units
18-50
Prob. 18–4A (FINMAN); Prob. 3–4A (MAN) (Concluded)
Direct
COSTS Materials Conversion Total
Total costs accounted for by the
Filling Department $66,391
Cost allocated to completed and
partially completed units:
Inventory in process, May 1 balance (c) $ 3,311
To complete inventory in process,
1$12,042 + $6,878
3. The cost per equivalent unit for direct materials increased from $4.30 in March
to $4.40 in April to $4.60 in May. Similarly, the cost per equivalent unit for
Costs
18-51
Appendix Prob. 18–5A (FINMAN); Appendix Prob. 3–5A (MAN)
Whole Equivalent Units
UNITS Units of Production
Units to account for during production:
COSTS
Unit costs:
Total costs for December in Roasting Department $572,130
Inventory in process, December 31
SUNRISE COFFEE COMPANY
Cost of Production Report—Roasting Department
For the Month Ended December 31, 2014
18-52
Prob. 18–1B (FINMAN); Prob. 3–1B (MAN)
1. a. Materials 149,800
Accounts Payable 149,800
b. Work in Process—Making Department 105,700
Work in Process—Packing Department 31,300
c. Work in Process—Making Department 32,400
Work in Process—Packing Department 40,900
d. Factory Overhead—Making Department 10,700
Factory Overhead—Packing Department 7,900
Accumulated Depreciation 18,600
g. Work in Process—Packing Department 166,790
Work in Process—Making Department 166,790
18-53
Prob. 18–1B (FINMAN); Prob. 3–1B (MAN) (Concluded)
2. Work in Work in
Process— Process— Finished
Materials Making Dept. Packing Dept. Goods
Balance, July 1……
…
$ 5,100 $ 6,790 $ 7,350 $ 13,500
3.
Balance, July 1……
…
$0 $0
Factory Overhead— Factory Overhead—
Making Dept. Packing Dept.
18-54
1.
Whole Direct
UNITS Units Materials Conversion
Units charged to production:
Inventory in process, October 1 2,300
Units to be assigned cost:
Inventory in process, October 1
(3/5 completed) 2,300 0920
BAVARIAN CHOCOLATE COMPANY
Cost of Production Report—Blending Department
For the Month Ended October 31, 2014
Equivalent Units
1
18-55
Prob. 18–2B (FINMAN); Prob. 3–2B (MAN) (Continued)
Direct
COSTS Materials Conversion Total
Costs per equivalent unit:
Total costs for October in Blending
Total costs accounted for by the
Blending Department $624,408
Cost allocated to completed and
partially completed units:
Inventory in process, October 1 balance $ 46,368
To complete inventory in process,
1$100,560 + $48,480
Costs
18-56
Prob. 18–2B (FINMAN); Prob. 3–2B (MAN) (Concluded)
Computations:
18-57