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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
Equivalent Units
Costs
0%
[Key code here]
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Score:
Key Code:
Cost of Production Report - Roasting Department
For the Month Ended March 31, 2016
Problem 20-2A
Name:
Section:
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
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for March in Roasting Department 86,970$ 17,672$
Costs allocated to completed and partially completed units:
Inventory in process, March 1 6,150$
To complete inventory in process, March 1 -$ 840$ 840
Cost of completed March 1 work in process 6,990$
2.
March 1, work in process
6,150$
Equivalent Units
Costs
FRESH MOUNTAIN COFFEE COMPANY
Cost of Production Report - Roasting Department
For the Month Ended March 31, 2016
Problem 20-2A
Name:
Solution
Section:
Instructions
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ON
Score:
Conversion cost equivalent units:
Units in process 1,500
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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
BAVARIAN CHOCOLATE COMPANY
Cost of Production Report - Blending Department
For the Month Ended October 31, 2016
0%
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Score:
Key Code:
Instructions
Problem 20-2B
Name:
Section:
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Equivalent Units
Costs
Conversion costs
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
Units to be assigned cost:
Inventory in process, October 1 ( 60% complete) 2,300 - 920
Started and completed in October 23,400 23,400 23,400
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for October in Blending Department 429,000$ 149,040$
Costs assigned to production:
Inventory in process, October 1 46,368$
Costs incurred in October 578,040
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
2.
October 1, work in process 46,368$
Equivalent Units
Costs
Cost of Production Report - Blending Department
For the Month Ended October 31, 2016
Problem 20-2B
Name:
Solution
Section:
BAVARIAN CHOCOLATE COMPANY
Score:
Instructions
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Answers are entered in the cells with gray backgrounds.
ON
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:
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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.
Costs
Cost of Production Report - Sifting Department
For the Month Ended July 31, 2016
Score:
Key Code:
Instructions
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Problem 20-3A
Name:
Section:
Equivalent Units
0%
[Key code here]
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WHITE DIAMOND FLOUR COMPANY
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
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
Total costs accounted for by the Sifting Department 42,944$
Costs allocated to completed and partially completed units:
Inventory in process, July 1 2,061$
WHITE DIAMOND FLOUR COMPANY
Equivalent Units
Costs
Cost of Production Report - Sifting Department
For the Month Ended July 31, 2016
Problem 20-3A
Name:
Solution
Section:
Score:
Instructions
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ON
40,183
3.
Direct Materials Conversion
Cost per equivalent unit:
From current period
2.15$ 0.45$
Work in Process - Sifting Department
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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
Problem 20-3B
Name:
Section:
Equivalent Units
Costs
0%
[Key code here]
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Score:
Key Code:
Instructions
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3.
Direct Materials Conversion
Cost per equivalent unit:
From current period
From beginning inventory
Increase (decrease)
4.
[Key essay answer here]
