17.

33 WAC
Physical units
Opening WIP
Introduced during the month
Total
Completed
Closing WIP

10,000
40,000
50,000
34,000
16,000

Total EU produced
Cost :
Opening WIP
Cost during the month
EU
Cost per unit

Equivalent Units
wrt material

34,000
16,000
50,000

Material
Conversion
600,000
700,000
2,800,000
3,710,000
Total
3,400,000
4,410,000
50,000
42,000
68
105

Cost of goods manufactured :

WIP
Total

2312000
1088000
3400000

3570000
840000
4410000

17.34 FIFO
Physical units
Opening WIP
Introduced during the month
Total
Completed
Out of opening WIP
Out of units started this month
Closing WIP
Total EU produced
Cost :
Cost during the month
EU
Cost per unit
Cost of goods manufactured :
Out of opening WIP
Cost carried forward
Cost added
Out of units started this month
Cost of goods manufactured

10,000
40,000
50,000
34,000
10,000
24,000
16,000

Equivalent Units
wrt material

0
24,000
16,000
40,000

Material
Conversion
2,800,000
3,710,000
40,000
35,000
70
106

600,000
0
600,000
1680000
2,280,000

700,000
318000
1,018,000
2544000
3,562,000

WIP
Total

1120000
3,400,000

848000
4,410,000

Equivalent Units
wrt conversion cost

34,000
8,000
42,000
Total
1,300,000
6,510,000
7,810,000
173
5882000
1928000
7810000

Equivalent Units
wrt conversion cost

3,000
24,000
8,000
35,000
Total
6,510,000
176

1,300,000
318,000
1,618,000
4,224,000
5,842,000

1968000
7,810,000

17.42 WAC
Physical units
Opening WIP
Transferred in during the process

1,250
5,000
6,250
5,250
1,000
6,250

Total
Completed
Closing WIP
Total EU produced
Cost :
Opening WIP
Cost during the month

Transferred in cost
29,000
96,000
Total
125,000
6,250
20

EU
Cost per unit
Cost of goods completed and transferred out :
WIP

Total

105000
20000
125000

FIFO
Physical units
Opening WIP
Transferred in during the process
Total
Completed
Out of opening WIP
Out of units transferred in
Closing WIP

1,250
5,000
6,250
5,250
1,250
4,000
1,000

Total EU produced
Cost :
Cost during the month
EU
Cost per unit
Cost of goods completed and transferred out :
Out of opening WIP
Cost carried forward
Cost added

Transferred in cost
94,000
5,000
18.8

28,920
0

Out of units transferred in

Cost of goods completed
WIP
Total

28,920
75200
104,120
18800
122,920

wrt transferred in

5,250
1,000
6,250
Material
0
25,200
25,200
5,250
4.8
25200
0
25200

wrt transferred in

0
4,000
1,000
5,000
Material
25,200
5,250
4.8

0
6000

Equivalent Units
wrt material
wrt conversion cost

5,250
0
5,250
Conversion
Total
9,060
38,400
47,460
5,650
8.4
44100
3360
47460

5,250
400
5,650

38,060
159,600
197,660
33.2
174300
23360
197660

Equivalent Units
wrt material
wrt conversion cost

1,250
4,000
0
5,250
Conversion
Total
38,400
4,650
8.258

9,060
2064.52

250
4,000
400
4,650

157,600
31.858

37,980
8,065

6,000
19200
25,200
0
25,200

11,125
33032.26
44,157
3303.23
47,460

46,045
127,432
173,477
22,103
195,580