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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
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 incurred in January 693,576
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
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ON
DOVER CHEMICAL COMPANY
Cost of Production Report - Filling Department
For the Month Ended January 31, 2016
Problem 20-3B
Name:
Solution
Section:
Score:
Instructions
Equivalent Units
Costs
Work in Process - Filling Department
3.
Direct Materials Conversion
Cost per equivalent unit:
From current period 9.50$ 3.80$
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Enter a zero in cells you would otherwise leave blank.
1. and 2.
Date I
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)
0%
[Key code here]
Answers are entered in the cells with gray backgrounds.
Score:
Key Code:
Instructions
Work in Process - Filling Department
Balance
Equivalent Units (a)
Costs
Problem 20-4A
Name:
Section:
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Item
HEARTY SOUP CO.
Cost of Production Report - Filling Department
For the Month Ended April 30, 2016
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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Enter a zero in cells you would otherwise leave blank.
1. and 2.
Date I
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
ON
Balance
Work in Process - Filling Department
Problem 20-4A
Name:
Solution
Section:
Score:
Instructions
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HEARTY SOUP CO.
Cost of Production Report - Filling Department
For the Month Ended April 30, 2016
Item
Equivalent Units (a)
Costs
Cost of completed April 1 work in process 4,868$
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
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:
Costs assigned to production:
Inventory in process, May 1 3,311$
Costs incurred in May 63,080
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
3.
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
Costs
HEARTY SOUP CO.
Cost of Production Report - Filling Department
For the Month Ended May 31, 2016
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Enter a zero in cells you would otherwise leave blank.
1. and 2.
Date I
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)
Work in Process - Rolling Department
Balance
Equivalent Units (a)
Costs
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Problem 20-4B
Name:
Section:
Instructions
0%
[Key code here]
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Score:
Key Code:
Item
PITTSBURGH ALUMINUM COMPANY
Cost of Production Report - Rolling Department
For the Month Ended September 30, 2016
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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Enter a zero in cells you would otherwise leave blank.
1. and 2.
Date I
Debit Credit Debit Credit
Sept. 1 Bal., 2,600 units, 1/4 completed 45,825 -
30 Smelting Dept., 28,900 units, $16.00/unit
462,400 - 508,225 -
Sept. 30 Bal., 2,900 units, 4/5 completed 66,352 -
1.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, Sept. 1 2,600
Received from Smelting Department 28,900
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for September in Rolling Department 462,400$ 260,322$
Costs assigned to production:
Inventory in process, September 1 45,825$
Costs incurred in September 722,722
Problem 20-4B
Name:
Solution
Section:
PITTSBURGH ALUMINUM COMPANY
Cost of Production Report - Rolling Department
For the Month Ended September 30, 2016
Item
Equivalent Units (a)
Costs
ON
Balance
Work in Process - Rolling Department
Score:
Instructions
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Cost of completed Sept. 1 work in process 62,595$
Started and completed in September (c) 416,000 223,600 639,600
2.
UNITS
Whole Units Direct Materials Conversion
Units charged to production:
Inventory in process, October 1 2,900
Units to be assigned cost:
Inventory in process, October 1 ( 80% complete ) 2,900 - 580
COSTS
Direct Materials Conversion Total
Costs per equivalent unit:
Total costs for October in Rolling Department 511,500$ 267,344$
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
Total costs assigned by the Rolling Department 845,196$
3.
For the Month Ended October 31, 2016
Equivalent Units (a)
The cost per equivalent unit for direct materials increased from $15.50 in August to $16.00 in September to $16.50 in October. The cost
Costs
PITTSBURGH ALUMINUM COMPANY
Cost of Production Report - Rolling Department
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UNITS
Equivalent Units
Whole Units of Production
Units to account for during production:
Inventory in process, December 1
Received from materials storeroom
Total units account for by the Roasting Department
Units to be assigned cost:
Transferred to Packing Department in December
Inventory in process, December 31 ( complete)
Total units to be assigned cost
COSTS
Costs
Unit costs:
Total costs for December in Roasting Department
Total equivalent units
Cost per equivalent unit
Costs charged to production:
Inventory in process, December 1
Costs incurred in December
Total costs accounted for by the Roasting Department
Costs allocated to completed and partially completed units:
Transferred to Packing Department in December
Inventory in process, December 31
Total costs assigned by the Roasting Department
0%
[Key code here]
Problem 20-5A
Name:
Section:
Score:
Key Code:
Instructions
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SUNRISE COFFEE COMPANY
For the Month Ended December 31, 2016
Cost of Production Report - Roasting Department
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UNITS
Equivalent Units
Whole Units of Production
Units to account for during production:
Inventory in process, December 1 10,500
Received from materials storeroom 210,400
COSTS
Costs
Unit costs:
Total costs for December in Roasting Department 572,130$
Total equivalent units
211,900
Costs charged to production:
Inventory in process, December 1 21,000$
Costs incurred in December 551,130
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ON
Cost of Production Report - Roasting Department
For the Month Ended December 31, 2016
SUNRISE COFFEE COMPANY
Problem 20-5A
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
0%
[Key code here]
Problem 20-5B
Name:
Section:
Score:
Key Code:
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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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$
Answers are entered in the cells with gray backgrounds.
ON
Cost of Production Report - Sifting Department
For the Month Ended May 31, 2016
BLUE RIBBON FLOUR COMPANY
Problem 20-5B
Name:
Solution
Section:
Score:
Instructions
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