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UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, March 1
Received from materials storeroom
Total units accounted for by the Roasting Department
Units to be assigned cost:
Inventory in process, March 1 ( complete)
Started and completed in March
Transferred to Packing Department in March
Inventory in process, March 31 ( complete)
Total units to be assigned cost
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for March in Roasting Department
Total equivalent units
Cost per equivalent unit
Costs assigned to production:
Inventory in process, March 1
Costs incurred in March
Total costs accounted for by the Roasting Department
Costs allocated to completed and partially completed units:
Inventory in process, March 1
To complete inventory in process, March 1
Cost of completed March 1 work in process
Started and completed in March
Transferred to Packing Department in March
Inventory in process, March 31
Total costs assigned by the Roasting Department
2.
March 1, work in process
Less direct materials
Problem 18(3)-2A
Name:
Section:
Equivalent Units
Costs
0%
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Cost of Production Report - Roasting Department
For the Month Ended March 31, 2016
Instructions
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FRESH MOUNTAIN COFFEE COMPANY
Conversion costs
Conversion cost equivalent units:
Units in process
Percent complete x
Equivalent units
Direct Materials Conversion
March costs per equivalent unit (from part 1)
February costs per equivalent unit:
Total costs in Work in Process, March 1
Total equivalent units
Cost per equivalent unit
Increase (decrease)
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1.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, March 1 1,500
Received from materials storeroom 22,300
Total units accounted for by the Roasting Department 23,800
Units to be assigned cost:
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for March in Roasting Department 86,970$ 17,672$
Total equivalent units 22,300 22,090
Cost per equivalent unit 3.90$ 0.80$
Costs assigned to production:
Costs allocated to completed and partially completed units:
Inventory in process, March 1 6,150$
To complete inventory in process, March 1 -$ 840$ 840
2.
March 1, work in process
6,150$
Less direct materials 5,700
Instructions
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ON
Score:
Problem 18(3)-2A
Name:
Solution
Section:
Equivalent Units
Costs
FRESH MOUNTAIN COFFEE COMPANY
Cost of Production Report - Roasting Department
For the Month Ended March 31, 2016
Conversion costs
450$
Conversion cost equivalent units:
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UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, October 1
Received from materials storeroom
Total units accounted for by the Blending Department
Units to be assigned cost:
Inventory in process, October 1 ( complete)
Started and completed in October
Transferred to Molding Department 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 Blending Department
Total equivalent units
Cost per equivalent unit
Costs assigned to production:
Inventory in process, October 1
Costs incurred in October
Total costs accounted for by the Blending Department
Costs allocated to completed and partially completed units:
Inventory in process, October 1
To complete inventory in process, October 1
Cost of completed October 1 work in process
Started and completed in October
Transferred to Molding Department in October
Inventory in process, October 31
Total costs assigned by the Blending Department
2.
October 1, work in process
Less direct materials
Conversion costs
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Instructions
Problem 18(3)-2B
Name:
Section:
Equivalent Units
Costs
BAVARIAN CHOCOLATE COMPANY
Cost of Production Report - Blending Department
For the Month Ended October 31, 2016
0%
Conversion cost equivalent units:
Units in process
Percent complete
Equivalent units
Direct Materials Conversion
October costs per equivalent unit
September costs per equivalent unit:
Total costs for September in Blending Department
Total equivalent units
Cost per equivalent unit
Increase (decrease)
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UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, October 1 2,300
Received from materials storeroom 26,000
Total units accounted for by the Blending Department 28,300
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for October in Blending Department 429,000$ 149,040$
Total equivalent units 26,000 24,840
Costs assigned to production:
Inventory in process, October 1 46,368$
Costs allocated to completed and partially completed units:
Inventory in process, October 1 46,368$
To complete inventory in process, October 1 -$ 5,520$ 5,520
Cost of completed October 1 work in process 51,888$
2.
October 1, work in process 46,368$
ON
Problem 18(3)-2B
Name:
Solution
Section:
BAVARIAN CHOCOLATE COMPANY
Score:
Instructions
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Equivalent Units
Costs
Cost of Production Report - Blending Department
For the Month Ended October 31, 2016
Conversion costs
8,073$
Conversion cost equivalent units:
Units in process 2,300
Percent complete 60%
Direct Materials Conversion
October costs per equivalent unit 16.50$ 6.00$
September costs per equivalent unit:
Total costs for September in Blending Department 38,295$ 8,073$
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1.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, July 1
Received from Milling Department
Total units accounted for by the Sifting Department
Units to be assigned cost:
Inventory in process, July 1 ( complete)
Started and completed in July
Transferred to Packaging Department in July
Inventory in process, July 31 ( complete)
Total units to be assigned cost
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for July in Sifting Department
Total equivalent units
Cost per equivalent unit
Costs assigned to production:
Inventory in process, July 1
Costs incurred in July
Total costs accounted for by the Sifting Department
Costs allocated to completed and partially completed units:
Inventory in process, July 1
To complete inventory in process, July 1
Cost of completed July 1 work in process
Started and completed in July
Transferred to Packaging Department in July
Inventory in process, July 31
Total costs assigned by the Sifting Department
2.
Key Code:
Instructions
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Problem 18(3)-3A
Name:
Section:
Equivalent Units
0%
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WHITE DIAMOND FLOUR COMPANY
Cost of Production Report - Sifting Department
Costs
For the Month Ended July 31, 2016
Score:
3.
Direct Materials Conversion
Cost per equivalent unit:
From current period
From beginning inventory
Increase (decrease)
4.
[Key essay answer here]
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1.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, July 1 900
Received from Milling Department 15,700
Units to be assigned cost:
Inventory in process, July 1 ( 60% complete ) 900 - 360
Started and completed in July 14,600 14,600 14,600
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for July in Sifting Department 33,755$ 7,128$
Costs assigned to production:
Inventory in process, July 1 2,061$
Costs incurred in July 40,883
Costs allocated to completed and partially completed units:
Inventory in process, July 1 2,061$
To complete inventory in process, July 1 -$ 162$ 162
2.
33,755
33,755
Work in Process - Sifting Department
Work in Process - Milling Department
Score:
Instructions
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ON
WHITE DIAMOND FLOUR COMPANY
Equivalent Units
Costs
Cost of Production Report - Sifting Department
For the Month Ended July 31, 2016
Problem 18(3)-3A
Name:
Solution
Section:
3.
Direct Materials Conversion
Cost per equivalent unit:
From current period
2.15$ 0.45$
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 report can also be used to control costs by holding each department head responsible for the
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1.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, January 1
Received from Reaction Department
Total units accounted for by the Filling Department
Units to be assigned cost:
Inventory in process, January 1 ( complete)
Started and completed in January
Transferred to finished goods in January
Inventory in process, January 31 ( complete)
Total units to be assigned cost
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for January in Filling Department
Total equivalent units
Cost per equivalent unit
Costs assigned to production:
Inventory in process, January 1
Costs incurred in January
Total costs accounted for by the Filling Department
Costs allocated to completed and partially completed units:
Inventory in process, January 1
To complete inventory in process, January 1
Cost of completed January 1 work in process
Started and completed in January
Transferred to Molding Department in January
Inventory in process, January 31
Total costs assigned by the Filling Department
2.
DOVER CHEMICAL COMPANY
Cost of Production Report - Filling Department
For the Month Ended January 31, 2016
Equivalent Units
Costs
0%
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Instructions
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Problem 18(3)-3B
Name:
Section:
3.
Direct Materials Conversion
Cost per equivalent unit:
From current period
From beginning inventory
Increase (decrease)
4.
[Key essay answer here]
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1.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, January 1 3,400
Received from Reaction Department 52,300
Total units accounted for by the Filling Department 55,700
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for January in Filling Department 496,850$ 196,726$
Costs assigned to production:
Inventory in process, January 1 40,528$
Costs allocated to completed and partially completed units:
Inventory in process, January 1 40,528$
To complete inventory in process, January 1 -$ 5,168$ 5,168
2.
496,850
496,850
Costs
Work in Process - Filling Department
Work in Process - Reaction Department
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ON
Equivalent Units
DOVER CHEMICAL COMPANY
Cost of Production Report - Filling Department
For the Month Ended January 31, 2016
Problem 18(3)-3B
Name:
Solution
Section:
Score:
Instructions
3.
Direct Materials Conversion
Cost per equivalent unit:
From current period 9.50$ 3.80$
4.
The cost of production report may be used as the basis for allocating product costs between Work in Process and Finished Goods.
The report can also be used to control costs by holding each department head responsible for the units entering production and the
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1. and 2.
Date
Debit Credit Debit Credit
Apr. 1 Bal., 800 units, 30% completed
30 Cooking Dept., 7,800 units, $4.40/unit
30 Direct labor
30 Factory overhead
30 Finished goods
Apr. 30 Bal., 550 units, 90% completed
May 31 Cooking Dept., 9,600 units, $4.60/unit
31 Direct labor
31 Factory overhead
31 Finished goods
May 31 Bal., 300 units, 35% completed
1.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, April 1
Received from Cooking Department
Total units accounted for by the Filling Department
Units to be assigned cost:
Inventory in process, April 1 ( complete )
Started and completed in April
Transferred to finished goods in April
Inventory in process, April 30 ( complete )
Total units to be assigned cost
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for April in Filling Department
Total equivalent units
Cost per equivalent unit (b)
Costs assigned to production:
Inventory in process, April 1
Costs incurred in April
Total costs accounted for by the Filling Department
Costs allocated to completed and partially completed units:
Inventory in process, April 1 (c)
To complete inventory in process, April 1 (c)
Item
HEARTY SOUP CO.
Cost of Production Report - Filling Department
For the Month Ended April 30, 2016
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Instructions
Work in Process - Filling Department
Balance
Equivalent Units (a)
Costs
Problem 18(3)-4A
Name:
Section:
Cost of completed April 1 work in process
Started and completed in April (c)
Transferred to finished goods in April (c)
Inventory in process, April 30 (d)
Total costs assigned by the Filling Department
2.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, May 1
Received from Cooking Department
Total units accounted for by the Filling Department
Units to be assigned cost:
Inventory in process, May 1 ( complete )
Started and completed in May
Transferred to finished goods in May
Inventory in process, May 31 ( complete )
Total units to be assigned cost
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for May in Filling Department
Total equivalent units
Cost per equivalent unit (b)
Costs assigned to production:
Inventory in process, May 1
Costs incurred in May
Total costs accounted for by the Filling Department
Costs allocated to completed and partially completed units:
Inventory in process, May 1 (c)
To complete inventory in process, May 1 (c)
Cost of completed May 1 work in process
Started and completed in May (c)
Transferred to finished goods in May (c)
Inventory in process, May 31 (d)
Total costs assigned by the Filling Department
3.
[Key essay answer here]
HEARTY SOUP CO.
Cost of Production Report - Filling Department
For the Month Ended May 31, 2016
Equivalent Units (a)
Costs
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1. and 2.
Date
Debit Credit Debit Credit
Apr. 1 Bal., 800 units, 30% completed 3,860 -
30 Cooking Dept., 7,800 units, $4.40/unit 34,320 - 38,180 -
30 Direct labor 8,562 - 46,742 -
1.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, April 1 800
Received from Cooking Department 7,800
Total units accounted for by the Filling Department 8,600
Units to be assigned cost:
Inventory in process, April 1 ( 30% complete ) 800 - 560
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for April in Filling Department 34,320$ 14,949$
Costs assigned to production:
Inventory in process, April 1 3,860$
Costs incurred in April 49,269
Total costs accounted for by the Filling Department 53,129$
Costs allocated to completed and partially completed units:
Inventory in process, April 1 (c) 3,860$
To complete inventory in process, April 1 (c) -$ 1,008$ 1,008
Equivalent Units (a)
Costs
ON
Balance
Work in Process - Filling Department
HEARTY SOUP CO.
Cost of Production Report - Filling Department
For the Month Ended April 30, 2016
Item
Problem 18(3)-4A
Name:
Solution
Section:
Score:
Instructions
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Started and completed in April (c) 31,900 13,050 44,950
2.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, May 1 550
Received from Cooking Department 9,600
Total units accounted for by the Filling Department 10,150
Units to be assigned cost:
Inventory in process, May 1 ( 90% complete ) 550 - 55
Started and completed in May 9,300 9,300 9,300
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for May in Filling Department 44,160$ 18,920$
Costs allocated to completed and partially completed units:
Inventory in process, May 1 (c) 3,311$
To complete inventory in process, May 1 (c) -$ 110$ 110
Cost of completed May 1 work in process 3,421$
3.
Costs
HEARTY SOUP CO.
Cost of Production Report - Filling Department
For the Month Ended May 31, 2016
Equivalent Units (a)
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
