Kimberly M.

Cruz

BA-MA 302

Cost Accounting

Bohol Mfg. Co.

Cost of Production Report
For the Month Ended August 31 19H
Quantity Schedule:
In process, August 1
Placed in process

Actual
8, 000
70, 000

Units to be accounted for

78, 000

Work Done
This Month

Equivalent
Production

In process, August 1, finished

and transferred
Placed in process, finished
and transferred (70, 000-12, 000)
In process, August 31

8, 000

3/4

6, 000

58, 000
12, 000

100%
2/3

58, 000
8, 000

Units accounted for

78, 000

Total equivalent production

72, 000

Cost Analysis:
Materials
Labor
Factory Overhead

Total Cost
23, 760
15, 840
12, 240

Factory cost, August, 19H

Work in process, August 1, 19H
Total cost to be accounted for

51, 840
1, 110
52, 950

Cost accounted for as follows:

Finished and transferred to
Storeroom:

72, 000
72, 000
72, 000

=
=
=

Unit Cost
0.33
0.22
0.17

66, 000 units

In process, August 1, finished

and transferred
Cost last month
Cost this month
(8,000 x x 0.72)
Placed in process, finished
and transferred
(58,000 x 0.72)
Total cost transferred to
Storeroom (66,000 x 0.715)
Work in process, August 31
(12, 000 x 2/3 x 0.72)
Total cost accounted for

8, 000 units
1, 110
4, 320

5, 430

58, 000 units

41, 760
47, 190
12, 000 units
5, 760
52, 950