Flow of Cost Cost To Be Accounted For: (Complementary of The Normal Process

Quantity to be accounted for
In process, Beginning (IP,B)
50,000
Started in Process (SIP)
225,000
Total
275,000
Quantity accounted for as follows

Actual
Work done
Materials
Work done
Conversion
COSTING
METHOD
Completed and Transferred out (C&T)

Started and completed (S&C)
C&T
50,000
0%
50,000
100%
50,000
150,000
100%
150,000
100%
150,000
200,000
In process, Ending (IP,E)

Total
75,000
200,000
100%
275,000
Less: Work from beg inv.

SIP / New work done in this month
50,000
75,000
200,000
20%
275,000
100%
225,000
50,000
15,000
215,000
40%
225,000
20,000
195,000
AVERAGE
(complementary of the
normal process
FIFO
FLOW OF COST
Cost to be accounted for
IP, Beginning
104,550
70,500
34,050
Current period cost
694,000
342,000
352,000
798,550
412,500
386,050
Total cost to be accounted for

Cost per EU (current period cost/EUP)
3.30 Per unit
1.50
1.80
AVERAGE
3.33 Per unit
1.52
1.81
FIFO
70,500
34,050
Cost accounted for FIFO

Transferred out
IP, B
Current cost to complete IP, B (1-to complete
% x cost)
Total cost from IP, B
104,550
54,300
0%
60%
54,154
158,850
70,500
88,204
498,769
228,000
270,769
Total cost transferred out
657,619
298,500
358,973
IP, E
141,077
114,000
27,077
Total cost accounted for
798,696
412,500
386,050
(146)
S&C
Checking balance
Quantity to be accounted for

50,000
Started in Process (SIP)
225,000
Total
275,000
Quantity accounted for as follows

Actual
Work done
Materials
Work done
Conversion
COSTING
METHOD
Completed and Transferred out (C&T)

Started and completed (S&C)
C&T
50,000
0%
50,000
100%
50,000
150,000
100%
150,000
100%
150,000
200,000
In process, Ending (IP,E)

Total
75,000
200,000
100%
275,000
Less: Work from beg inv.

SIP / New work done in this month
50,000
75,000
200,000
20%
275,000
100%
225,000
50,000
15,000
215,000
40%
225,000
20,000
195,000
AVERAGE
(complementary of the
normal process
FIFO
FLOW OF COST
Cost to be accounted for
IP, Beginning
104,550
70,500
34,050
Current period cost
694,000
342,000
352,000
798,550
412,500
386,050
Total cost to be accounted for

3.30 Per unit
1.50
1.80
AVERAGE
3.33 Per unit
1.52
1.81
FIFO
70,500
34,050
Cost accounted for FIFO

Transferred out
IP, B
Current cost to complete IP, B (1-to complete
% x cost)
Total cost from IP, B
104,550
54,300
0%
60%
54,154
158,850
70,500
88,204
498,769
228,000
270,769
Total cost transferred out
657,619
298,500
358,973
IP, E
141,077
114,000
27,077
Total cost accounted for
798,696
412,500
386,050
(146)
S&C
Checking balance

Flow of Cost Cost To Be Accounted For: (Complementary of The Normal Process

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Flow of Cost Cost To Be Accounted For: (Complementary of The Normal Process

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Quantity to be accounted for

In process, Beginning (IP,B)

Started in Process (SIP)

Quantity accounted for as follows

Completed and Transferred out (C&T)

In process, Ending (IP,E)

Less: Work from beg inv.

Current period cost

Total cost to be accounted for

3.30 Per unit

Cost per EU (current period cost/EUP)

3.33 Per unit

Cost accounted for FIFO

Total cost transferred out

Total cost accounted for

Quantity to be accounted for

Started in Process (SIP)

Quantity accounted for as follows

Completed and Transferred out (C&T)

In process, Ending (IP,E)

Less: Work from beg inv.

Current period cost

Total cost to be accounted for

3.30 Per unit

Cost per EU (current period cost/EUP)

3.33 Per unit

Cost accounted for FIFO

Total cost transferred out

Total cost accounted for

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