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1. and 2.
Date
Debit Credit Debit Credit
Sept. 1 Bal., 2,600 units, 1/4 completed
30 Smelting Dept., 28,900 units, $16.00/unit
30 Direct labor
30 Factory overhead
30 Finished goods
Sept. 30 Bal., 2,900 units, 4/5 completed
Oct. 31 Smelting Dept., 31,000 units, $16.50/unit
31 Direct labor
31 Factory overhead
31 Finished goods
Oct. 31 Bal., 2,000 units, 2/5 completed
1.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, Sept. 1
Received from Smelting Department
Total units accounted for by the Rolling Department
Units to be assigned cost:
Inventory in process, September 1 ( complete )
Started and completed in Sept.
Transferred to finished goods in September
Inventory in process, September 30 ( complete )
Total units to be assigned cost
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for September in Rolling Department
Total equivalent units
Cost per equivalent unit (b)
Costs assigned to production:
Inventory in process, September 1
Costs incurred in September
Total costs accounted for by the Rolling Department
Costs allocated to completed and partially completed units:
Inventory in process, September 1 (c)
To complete inventory in process, September 1 (c)
Item
PITTSBURGH ALUMINUM COMPANY
Cost of Production Report - Rolling Department
For the Month Ended September 30, 2016
0%
[Key code here]
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Score:
Key Code:
Instructions
Work in Process - Rolling Department
Balance
Equivalent Units (a)
Costs
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Problem 18(3)-4B
Name:
Section:
Cost of completed Sept. 1 work in process
Started and completed in September (c)
Transferred to finished goods in September (c)
Inventory in process, September 30 (d)
Total costs assigned by the Rolling Department
2.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, October 1
Received from Smelting Department
Total units accounted for by the Rolling Department
Units to be assigned cost:
Inventory in process, October 1 ( complete )
Started and completed in October
Transferred to finished goods in October
Inventory in process, October 31 ( complete )
Total units to be assigned cost
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for October in Rolling Department
Total equivalent units
Cost per equivalent unit (b)
Costs assigned to production:
Inventory in process, October 1
Costs incurred in October
Total costs accounted for by the Rolling Department
Costs allocated to completed and partially completed units:
Inventory in process, October 1 (c)
To complete inventory in process, October 1 (c)
Cost of completed October 1 work in process
Started and completed in October (c)
Transferred to finished goods in October (c)
Inventory in process, October 31 (d)
Total costs assigned by the Rolling Department
3.
[Key essay answer here]
PITTSBURGH ALUMINUM COMPANY
Cost of Production Report - Rolling Department
For the Month Ended October 31, 2016
Equivalent Units (a)
Costs
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1. and 2.
Date
Debit Credit Debit Credit
Sept. 1 Bal., 2,600 units, 1/4 completed 45,825 -
30 Smelting Dept., 28,900 units, $16.00/unit
462,400 - 508,225 -
30 Direct labor 158,920 - 667,145 -
30 Factory overhead 101,402 - 768,547 -
1.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, Sept. 1 2,600
Received from Smelting Department 28,900
Total units accounted for by the Rolling Department 31,500
Units to be assigned cost:
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for September in Rolling Department 462,400$ 260,322$
Costs assigned to production:
Inventory in process, September 1 45,825$
Costs incurred in September 722,722
ON
Balance
Work in Process - Rolling Department
Score:
Instructions
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Cost of Production Report - Rolling Department
For the Month Ended September 30, 2016
Item
Equivalent Units (a)
Costs
Problem 18(3)-4B
Name:
Solution
Section:
PITTSBURGH ALUMINUM COMPANY
Started and completed in September (c) 416,000 223,600 639,600
Transferred to finished goods in September (c) 702,195$
2.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, October 1 2,900
Received from Smelting Department 31,000
Units to be assigned cost:
Inventory in process, October 1 ( 80% complete ) 2,900 - 580
Started and completed in October 29,000 29,000 29,000
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for October in Rolling Department 511,500$ 267,344$
Costs assigned to production:
Inventory in process, October 1 66,352$
Costs incurred in October 778,844
Costs allocated to completed and partially completed units:
Inventory in process, October 1 (c) 66,352$
To complete inventory in process, October 1 (c) -$ 5,104$ 5,104
Cost of completed October 1 work in process 71,456$
3.
Equivalent Units (a)
The cost per equivalent unit for direct materials increased from $15.50 in August to $16.00 in September to $16.50 in October. The cost
Costs
PITTSBURGH ALUMINUM COMPANY
Cost of Production Report - Rolling Department
For the Month Ended October 31, 2016
An asterisk (*) will appear to the right of an incorrect entry.
UNITS
Equivalent Units
Whole Units of Production
Units to account for during production:
Inventory in process, December 1
Received from materials storeroom
Total units account for by the Roasting Department
Units to be assigned cost:
Transferred to Packing Department in December
Inventory in process, December 31 ( complete)
Total units to be assigned cost
COSTS
Costs
Unit costs:
Total costs for December in Roasting Department
Total equivalent units
Cost per equivalent unit
Costs charged to production:
Inventory in process, December 1
Costs incurred in December
Total costs accounted for by the Roasting Department
Costs allocated to completed and partially completed units:
Transferred to Packing Department in December
Inventory in process, December 31
Total costs assigned by the Roasting Department
Instructions
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SUNRISE COFFEE COMPANY
For the Month Ended December 31, 2016
Cost of Production Report - Roasting Department
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0%
[Key code here]
Problem 18(3)-5A
Name:
Section:
Score:
Key Code:
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UNITS
Equivalent Units
Whole Units of Production
Units to account for during production:
Inventory in process, December 1 10,500
COSTS
Costs
Unit costs:
Total costs for December in Roasting Department 572,130$
Total equivalent units
211,900
Costs allocated to completed and partially completed units:
Transferred to Packing Department in December 564,030$
Answers are entered in the cells with gray backgrounds.
ON
Cost of Production Report - Roasting Department
For the Month Ended December 31, 2016
SUNRISE COFFEE COMPANY
Problem 18(3)-5A
Name:
Solution
Section:
Score:
Instructions
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UNITS
Equivalent Units
Whole Units of Production
Units to account for during production:
Inventory in process, May 1
Received from Milling Department
Total units account for by the Sifting Department
Units to be assigned cost:
Transferred to Packaging Department in May
Inventory in process, May 31 ( complete)
Total units to be assigned cost
COSTS
Costs
Unit costs:
Total costs for May in Sifting Department
Total equivalent units
Cost per equivalent unit
Costs charged to production:
Inventory in process, May 1
Costs incurred in May
Total costs accounted for by the Sifting Department
Costs allocated to completed and partially completed units:
Transferred to Packaging Department in May
Inventory in process, May 31
Total costs assigned by the Sifting Department
Instructions
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BLUE RIBBON FLOUR COMPANY
For the Month Ended May 31, 2016
Cost of Production Report - Sifting Department
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0%
[Key code here]
Problem 18(3)-5B
Name:
Section:
Score:
Key Code:
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UNITS
Equivalent Units
Whole Units of Production
Units to account for during production:
Inventory in process, May 1 1,500
Received from Milling Department 18,300
COSTS
Costs
Unit costs:
Total costs for May in Sifting Department 58,050$
Total equivalent units
19,350
Costs allocated to completed and partially completed units:
Transferred to Packaging Department in May 54,000$
Inventory in process, May 31 4,050
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ON
Cost of Production Report - Sifting Department
For the Month Ended May 31, 2016
BLUE RIBBON FLOUR COMPANY
Problem 18(3)-5B
Name:
Solution
Section:
Score:
Instructions
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a.
Units in process at beginning of period
Units placed in production during period
Less units finished during period
Units in process at beginning of period
b. Percent
Completed
This Period Whole Units Direct Materials Conversion
Inventory in process, beginning
Started and completed
Transferred to finished goods
Inventory in process, ending
Total units
c.
Direct Materials Conversion
Total costs for period in Assembly Department
Divided by total equivalent units (from above)
Cost per equivalent unit
d.
Cost of the units started and completed during the period:
Direct materials unit cost
Conversion unit cost
Total unit cost
x Units started and completed
Cost of units started and completed
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Costs
Instructions
Equivalent Units
Exercise 18(3)-11
Name:
Section:
0%
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a.
Units in process at beginning of period 1,600
Units placed in production during period 29,000
b. Percent
Completed
This Period Whole Units Direct Materials Conversion
Inventory in process, beginning 65% 1,600 01,040
Started and completed 28,000 28,000 28,000
c.
Direct Materials Conversion
Total costs for period in Assembly Department 275,500$ 123,858$
d.
Cost of the units started and completed during the period:
Direct materials unit cost 9.50$
Conversion unit cost 4.20
Score:
Instructions
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Equivalent Units
Costs
ON
Exercise 18(3)-11
Name:
Solution
Section:
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(a)
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, August 1
Received from materials storeroom
Total units accounted for by the Roasting Department
Units to be assigned cost:
Inventory in process, August 1 ( complete)
Started and completed in August
Transferred to Packing Department in August
Inventory in process, August 31 ( complete)
Total units to be assigned cost
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for August in Roasting Department
Total equivalent units
Cost per equivalent unit (2)
Costs assigned to production:
Inventory in process, August 1
Costs incurred in August
Total costs accounted for by the Roasting Department
Costs allocated to completed and partially completed units:
Inventory in process, August 1
To complete inventory in process, August 1
Cost of completed August 1 work in process
Started and completed in August
Transferred to finished goods in August (3)
Inventory in process, August 31 (4)
Total costs assigned by the Roasting Department
(b)
Direct Materials Conversion
Cost per equivalent unit:
From current period
From beginning inventory
Increase (decrease)
MORNING BREW COFFEE COMPANY
Cost of Production Report - Roasting Department
For the Month Ended August 31, 2016
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Instructions
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Exercise 18(3)-16
Name:
Section:
(1) Equivalent Units
Costs
0%
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[Key essay answer here]
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(a)
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, August 1 700
Units to be assigned cost:
Inventory in process, August 1 ( 20% complete) 700 - 560
Started and completed in August 13,900 13,900 13,900
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for August in Roasting Department 65,780$ 21,942$
Total equivalent units
14,300 14,628
Costs allocated to completed and partially completed units:
Inventory in process, August 1 3,479$
To complete inventory in process, August 1 -$ 840$ 840
Cost of completed August 1 work in process 4,319$
(b)
Direct Materials Conversion
Cost per equivalent unit:
From current period 4.60$ 1.50$
For the Month Ended August 31, 2016
Exercise 18(3)-16
Name:
Solution
Section:
(1) Equivalent Units
Costs
MORNING BREW COFFEE COMPANY
Cost of Production Report - Roasting Department
Instructions
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ON
Score:
Evaluation comments:
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MEMO
To: Production Manager
The cost of production report was used to identify the cost per case for each of the four flavors as shown below.
Orange Cola Lemon-Lime Root Beer
Total cases
Number of cases
Cost per case
Orange Cola Lemon-Lime Root Beer
Concentrate
Water
Sugar
Bottles
Flavor changeover
Conversion cost
Total cost per case
Score:
Key Code:
As can be seen, the cost per case of Root Beer is significantly above the cost per case of the other three flavors. A
more detailed analysis is necessary to understand the causes of this difference. The individual cost elements that
determine the total cost can be divided by the number of cases. This analysis is provided below.
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[Key code here]
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Cost per Case by Cost Element
[Key conclusion of memo here]
Instructions
Exercise 18(3)-21
Name:
Section:
0%
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MEMO
To: Production Manager
The cost of production report was used to identify the cost per case for each of the four flavors as shown below.
Orange Cola Lemon-Lime Root Beer
Total cases 19,125$ 391,800$ 324,000$ 36,000$
Orange Cola Lemon-Lime Root Beer
Concentrate 1.85$ 2.15$ 2.10$ 1.90$
Water 0.50 0.50 0.50 0.50
Sugar 1.20 1.20 1.20 1.20
Cost per Case by Cost Element
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ON
As can be seen, the cost per case of Root Beer is significantly above the cost per case of the other three flavors. A
more detailed analysis is necessary to understand the causes of this difference. The individual cost elements that
determine the total cost can be divided by the number of cases. This analysis is provided below.
Exercise 18(3)-21
Name:
Solution
Section:
The table above indicates that the concentrate per case is actually less for Orange and Root Beer than for Cola and
Lemon-Lime. This is because the concentrate supplier charges a higher price for the more popular flavors. The costs
per case for water, sugar, and bottles are the same for each flavor. However, the costs per case for changeover are
much greater for Orange and Root Beer than for the other two flavors. In addition, the conversion costs per unit for
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Instructions
Score:
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a. and b.
Equivalent
Percent Units of
Complete Whole Units Production
Units to be accounted for:
Beginning work in process
Units started during the period
Total
Units to be assigned costs:
Transferred to finished goods
Inventory in process, ending
Total units
c.
Cost per equivalent unit:
Total production costs
Divided by total equivalent units (from above)
Cost per equivalent unit
d.
Cost of units transferred to Finished Goods:
Units transferred
x Cost per equivalent unit
Cost of units transferred
e.
Cost of units in ending Work in Process:
Equivalent units in process, ending (from above)
x Cost per equivalent unit
Cost of units remaining in process
0%
Exercise 18(3)-27
Name:
Section:
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Instructions
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a. and b.
Equivalent
Percent Units of
Complete Whole Units Production
Units to be accounted for:
Beginning work in process 900
Units started during the period 8,400
c.
Cost per equivalent unit:
Total production costs 61,740$
Divided by total equivalent units (from above) 8,820
Exercise 18(3)-27
Name:
Solution
Section:
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ON
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UNITS
Equivalent Units
Whole Units of Production
Units charged to production:
Inventory in process, January 1
Received from Weaving Department
Total units account for by the Cutting Department
Units to be assigned cost:
Transferred to finished goods in January
Inventory in process, January 31 ( complete)
Total units to be assigned cost
COSTS
Costs
Unit costs:
Total costs for January in Cutting Department
Total equivalent units
Cost per equivalent unit
Costs charged to production:
Inventory in process, January 1
Costs incurred in January
Total costs accounted for by the Cutting Department
Costs allocated to completed and partially completed units:
Transferred to finished goods in January
Inventory in process, January 31
Total costs assigned by the Cutting Department
Instructions
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DALTON CARPET COMPANY
For the Month Ended January 31, 2016
Cost of Production Report - Cutting Department
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0%
[Key code here]
Exercise 18(3)-30
Name:
Section:
Score:
Key Code:
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UNITS
Equivalent Units
Whole Units of Production
Units charged to production:
Inventory in process, January 1 3,400
Received from Weaving Department 64,000
Total units account for by the Cutting Department 67,400
COSTS
Costs
Unit costs:
Total costs for January in Cutting Department
575,010$
Total equivalent units 63,890
Cost per equivalent unit 9.00$
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ON
Cost of Production Report - Cutting Department
For the Month Ended January 31, 2016
DALTON CARPET COMPANY
Exercise 18(3)-30
Name:
Solution
Section:
Score:
Instructions
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