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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 Molding Department in July
Inventory in process, July 31
Total costs assigned by the Sifting Department
2.
3.
Direct Materials Conversion
Cost per equivalent unit:
From current period
From beginning inventory
Increase (decrease)
4.
Score:
Key Code:
Instructions
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Problem 20-3A
Name:
Section:
Equivalent Units
[Key code here]
Answers are entered in the cells with gray backgrounds.
[Key essay answer here]
LILY FLOUR COMPANY
Cost of Production Report – Sifting Department
For the Month Ended July 31, 2012
Costs
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
Enter a zero in cells you would otherwise leave blank.
1.
UNITS
Whole Units
Direct Materials
Conversion
Units charged to production:
Inventory in process, July 1 700
Received from Milling Department 12,300
Direct Materials
2.
31,980
31,980
Work in Process – Sifting Department
Work in Process – Milling Department
Equivalent Units
Cost of Production Report – Sifting Department
For the Month Ended July 31, 2012
Problem 20-3A
Name:
Solution
Section:
Score:
Instructions
Cells with non-gray backgrounds are protected and cannot be edited.
Answers are entered in the cells with gray backgrounds.
ON
LILY FLOUR COMPANY
Direct Materials