work-in-process, beginning inventory (Sept 1)

degree of completion of beginning WIP

Transferred in during september
Completed and transferred out during september
work-in-process, ending inventory (Sept 30)
degree of completion of ending WIP
Total cost added during september
direct materials and conversion cost
transferred in

TranferredPhysical Units
in cost
100000
64000000
100%
500000
400000
200000
100%

direct
materials
40000000
100%

90%
192000000

320000000

WEIGHTED AVERAGE METHOD COSTING

Equivalent unit
physical unit
flow of production
WIP beginning
Transferred in during current period
To account for
completed and transferred out during period
WIP ending
Accounted for
Equivalent units of work done to date

WIP beginning
cost added to date
Total cost to account for

100000
500000
600000
400000
200000
600000

direct
materials

400000
200000

400000
180000

600000

580000

total
production
transferred- direct
cost
in cost
materials
129400000
64000000
40000000
620000000 320000000 192000000
749400000 384000000 232000000

cost incurred to date

divide by equivalent units of work done to date
cost per equivalent unit of work done to date
Assignment of cost :
Completed and transferred out (400000 units)
WIP ending (200000 units)
Total cost accounted for

Tranferredin cost

517600000
231800000
749400000

384000000
600000
640

232000000
580000
400

256000000
128000000
384000000

160000000
72000000
232000000

direct labor

overhead

14400000
60%

11000000
50%

70%

50%

72000000

36000000

FIFO METHOD COST

Equivalent unit
direct labor

overhead
flow of production

400000
140000

400000
100000

540000

500000

direct labor overhead

14400000
11000000
72000000
36000000
86400000
47000000
86400000
540000
160

64000000
22400000
86400000

WIP beginning
Transferred in during current period
To account for
completed and transferred out during period:
From beginning WIP
Started and completed
WIP ending
Accounted for
equivalent units of work done in current period

WIP beginning
cost added to date
Total cost to account for

47000000
500000
94

cost incurred to date

divide by equivalent units of work done to date
cost per equivalent unit of work done to date

37600000
9400000
47000000

Assignment of cost:
Completed and transferred out (400000 units)
WIP beginning (100000 units)
Cost added to beginning WIP
Total from beginning inventory

Started and completed (300000 units)

Total cost
WIP ending (200000)
Total cost accounted for

FIFO METHOD COSTING

Equivalent unit
physical unit

Tranferred-in
cost

direct
materials

direct labor

overhead

100000
500000
600000
100000
300000
200000
600000

0
300000
200000

0
300000
180000

40000
300000
140000

50000
300000
100000

500000

480000

480000

450000

total
production
transferred-in direct
cost
cost
materials
direct labor
overhead
129400000
64000000 40000000
14400000
11000000
620000000
320000000 192000000
72000000
36000000
749400000
384000000 232000000
86400000
47000000
320000000 192000000
500000
480000
640
400

129400000
10000000
139400000

64000000
0

40000000
0

72000000
480000
150

36000000
450000
80

14400000
6000000

11000000
4000000

381000000
520400000
229000000
749400000

192000000 120000000

45000000

24000000

128000000 72000000
384000000 232000000

21000000
86400000

8000000
47000000