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Enter a zero in cells you would otherwise leave blank.
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
Costs
Instructions
Equivalent Units
Exercise 20-11
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$
Costs
ON
Exercise 20-11
Name:
Solution
Section:
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Instructions
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Equivalent Units
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Enter a zero in cells you would otherwise leave blank.
(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)
Evaluation comments:
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MORNING BREW COFFEE COMPANY
Cost of Production Report - Roasting Department
For the Month Ended August 31, 2016
Exercise 20-16
Name:
Section:
[Key essay answer here]
(1) Equivalent Units
Costs
0%
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Score:
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Instructions
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Enter a zero in cells you would otherwise leave blank.
(a)
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, August 1 700
Received from materials storeroom
14,300
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
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$
From beginning inventory 4.70 1.35
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ON
Score:
Exercise 20-16
Name:
Solution
Section:
Instructions
(1) Equivalent Units
Costs
MORNING BREW COFFEE COMPANY
Cost of Production Report - Roasting Department
For the Month Ended August 31, 2016
An asterisk (*) will appear to the right of an incorrect entry. The essay portion will not be graded.
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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Cost per Case by Cost Element
[Key conclusion of memo here]
Instructions
Exercise 20-21
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
Exercise 20-21
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:
Cost per Case by Cost Element
Answers are entered in the cells with gray backgrounds.
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.
An asterisk (*) will appear to the right of an incorrect entry.
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
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Score:
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Instructions
0%
Exercise 20-27
Name:
Section:
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Enter a zero in cells you would otherwise leave blank.
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
d.
Cost of units transferred to Finished Goods:
Units transferred to Finished Goods (from above) 8,100
x Cost per equivalent unit $7.00
e.
Cost of units in ending Work in Process:
Equivalent units in process, ending (from above) 720
Exercise 20-27
Name:
Solution
Section:
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ON
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UNITS
Equivalent Units
Whole Units of Production
Units charged to production:
Inventory in process, January 1
Received from Weaving Department
Total units account for by the Cutting Department
Units to be assigned cost:
Transferred to finished goods in January
Inventory in process, January 31 ( complete)
Total units to be assigned cost
COSTS
Costs
Unit costs:
Total costs for January in Cutting Department
Total equivalent units
Cost per equivalent unit
Costs charged to production:
Inventory in process, January 1
Costs incurred in January
Total costs accounted for by the Cutting Department
Costs allocated to completed and partially completed units:
Transferred to finished goods in January
Inventory in process, January 31
Total costs assigned by the Cutting Department
0%
[Key code here]
Exercise 20-30
Name:
Section:
Score:
Key Code:
Instructions
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DALTON CARPET COMPANY
For the Month Ended January 31, 2016
Cost of Production Report - Cutting Department
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UNITS
Equivalent Units
Whole Units of Production
Units charged to production:
Inventory in process, January 1 3,400
Units to be assigned cost:
Transferred to finished goods in January 63,500 63,500
Inventory in process, January 31 ( 10% complete) 3,900 390
COSTS
Costs
Unit costs:
Total costs for January in Cutting Department
575,010$
Total equivalent units 63,890
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ON
Cost of Production Report - Cutting Department
For the Month Ended January 31, 2016
DALTON CARPET COMPANY
Exercise 20-30
Name:
Solution
Section:
Score:
Instructions
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