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AVERAGE COST METHOD - STAR PAPER COMPANY

WORK IN PROCESS - CUTTING DEPARTMENT
Date

Explanation

2013
Jan. 31
31
31
31
Feb. 28
28
28

Materials
Labor
Overhead
Transferred to Assembly Department
Materials
Labor
Overhead

Debit

77,280
95,616
156,632
69,944
82,416
133,886

ER COMPANY

PARTMENT
Credit

264,480

Balance

77,280
172,896
329,528
65,048
134,992
217,408
351,294

CUTTING DEPARTMENT Cutting Department Monthly Production Report Month of February 2013 Quantity Work in Process .Beginning Started In Process Transferred Out to Next Department Work in Process .Ending Equivalent Units for Overhead CUTTING DEPARTMENT Cost of Production Report Month of February 2013 QUANTITY SCHEDULE (a) Quanity to be Accounted For: Units .Ending Equivalent Units for Labor Overhead Transferred Out to Next Department Work in Process .Ending Stage of Completion of Work in Process Materials Labor Overhead Beginning 100% 40% 55% Cutting Department Equivalent Production Computations Month of February 2013 Materials Transferred Out to Next Department Work in Process .Ending Equivalents Units for Materials Labor Transferred Out to Next Department Work in Process .

920 Totals Cost Equivalent Units 22.920 (b) Quantity Accounted For Transferred Out to Next Department Work in Process .038 90.952 133.920 13.944 92.320 2.Beginning Started in Process .Ending Total Accounted For COST SCHEDULE (c) Cost to be Accounted For: Cost Incurred in this Department Materials: Beginning Work in Process Added this Month Total Materials Labor: Beginning Work in Process Added this Month Total Materials Overhead:Beginning Work in Process Added this Month Total Materials Total Costs to be Accounted For (d) Cost Accounted For Transferred Out to Next Department Work in Process .152 38.294 5.886 162.984 19.Ending Cost Incurred in this Department Material Labor Overhead Total Work in Process Total Costs Accounted For 9.160 14.Work in Process .394 2.926 .536 82.174 351.120 9.526 261.560 69.504 14.Current Month Total to be Accounted For 3.838 12.994 28.952 11.760 11.600 5.320 14.416 95.600 32.

760 11.320 Ending 100% 45% 55% 9.526 .600 2.600 5.926 12.3.160 9.394 11.994 9.600 2.600 5.920 9.320 14.

20 8.20 6.00 27.20 27.Units Costs 6.00 13.20 8.00 .00 13.

Beginning Transferred In .ASSEMBLY DEPARTMENT Cost Data Cost Last Month Cost Transferred in from Prior Department Cost Transferred in this Department Materials Labor Overhead Total Costs Last Month Cost incurred during the current month Cost Transferred in from Prior Department Cost Transferred in this Department Materials Labor Overhead Total Costs Last Month Assembly Department Monthly Production Report Month of February 2013 Quanitity Work in Process .Ending Stage of Completion of Work in Process Transferred in Cost Materials Labor Overhead Assembly Department Equivalent Production Computation Beginning 100% 60% 60% 60% .Current Month Transferred out to Next Department Work in Process .

Ending Equivalent Units for Trnsferred in Costs Materials Transferred Out to Next Department Work in Process Equivalent unit for Materials Labor Transferred out to Next Department Work in Process Equivalent units for Labor Overhead Transferred Out to next Department Work in Process Equivalent units for Overhead ASSEMBLY DEPARTMENT Cost of Production Report Month of February 2013 QUANTITY SCHEDULE (a) Quantity to be Accounted For: Work in Process .Current Month Total to be Accounted For (b) Quantity Accounted For: Transferred Out to Next Department Work in Process .Beginning Transferred In .130 .Ending Total Accounted For COST SCHEDULE (c) Cost to be Accounted For: Costs Transferred In From Prior Department Work in Process Beginning Total Cost 28.Month of February 2013 Transferred in Cost from Prior Department Transferred Out to Next Department Work in Process .

638 76.529 70.767 40.120 289.656 74.250 1.476 4.583 5.Ending Costs from Prior Department Costs Incurred in this Department Materials Labor Overhead Total Work in Process Total Costs Accounted For 261.574 4.102 1.472 30.141 469.391 428.919 469.391 180.455 23.167 4.128 24.Transferred In Current Month Total Transferred in Costs Costs Incurred in this Department Materials: Beginning WIP Added this Month Total Materials Labor: Beginning WIP Added this Month Total Labor Overhead: Beginning WIP Add this Month Total Overhead Total Costs in this Department Cost Accounted For (d) Cost Accounted For: Transferred Out to next Department Work in Process .735 79.391 .

600 9.470 1.100 Ending 100% 55% 55% 55% .130 1.455 5.656 39.120 23.EPARTMENT 28.621 970 9.735 429.128 70.638 74.770 261.529 4.

470 1.570 Equivalent Units Unit Costs .075 9.470 605 10.470 605 10.9.075 970 9.100 10.570 9.600 10.100 10.470 1.570 9.075 9.470 605 10.

88 17.88 45.44 10.25 9.570 27.56 10.100 27.37 605 605 605 2.470 45.25 1.075 7.10.075 7.56 7.44 7.37 10.075 2.88 .

End Equivalent Units for Materials 9.760 12.Ending Stage of Completion of Ending Work in Process Materials Labor Overhead 12.Current Month Transferred Out to Next Department Work in Process .120 3.880 9.760 12.624 Transferred Out to Next Department Work in Process .616 156.504 10.632 Cutting Department Monthly Production Report Month of January 2013 Quantity Started in Process .End Equivalent Units for Materials 9.CUTTING DEPARTMENT Costs Incurred Materials Labor Overhead 77.120 2.880 12.End Equivalent Units for Materials 9.068 11.120 3.End Total accounted for Cost Schedule Units 12.280 95.188 Labor Overhead Cutting Department Cost of Production Report Month of January 2013 Quantity Schedule (a) Quantity To be Accounted For: Started in Process Total Accounted for (b) Quantity Accounted For: Transferred Out to Next Department Work in Process .880 Transferred Out to Next Department Work in Process .880 Total Cost .760 100% 40% 55% Cutting Department Equivalent Production Computations Month of January 2013 Materials Transferred Out to Next Department Work in Process .120 3.880 9.120 1.

End Materials Labor Overhead Total Work in Process Total cost accounted for 77.(c) Cost to be Accounted For: Materials Labor Overhead Total costs to be accounted for (d) Cost Accounted For: Transferred Out Work in Process .632 329.536 28.480 22.280 95.952 65.048 329.528 .528 264.560 13.616 156.

PARTMENT Equivalent Units Unit Costs .

00 9.504 2.00 14.120 29.00 9.12.00 9.00 14.068 6.760 1.00 29.00 3.00 .880 10.188 6.624 11.

120 8.End Equivalent Units for Materials 8.150 582 8.732 Transferred Out to Next Department Work in Process .830 82.150 970 100% 60% 60% 60% Assembly Department Equivalent Production Computations Month of January 2013 Materials Transferred Out to Next Department Work in Process .150 582 8.856 Assembly Department Monthly Production Report Month of January 2013 Quantity Transferred In from Prior Department Transferred Out Work in Process .954 69.732 Transferred Out to Next Department Work in Process .150 582 8.End Equivalent Units for Overhead 8.732 Labor Overhead .End Stage of Completion of Ending Work in Process Transferred in Cost Materials Labor Overhead 9.End Equivalent Units for Labor 8.ASSEMBLY DEPARTMENT Cost Added in Current Month Materials Labor Overhead 21.

130 1.656 39.350 28.120 8.954 69.480 21.End Costs Transferred In Costs Incurred in this Dept.ASSEMBLY DEPARTMENT Cost of Production Report Month of January 2013 Quantity Schedule (a) Quantity to be Accounted For: Transferred in from Prior Department Total to be Accounted For (b) Quantity Accounted For: Transferred Out to Next Department Work in Process .120 9. Materials Labor Overhead Total Work in Process Total Costs Accounted For 399.End Total Accounted For Cost Schedule (c) Cost to be Accounted For: Costs Transferred In Costs Incurred in this Dept.770 439.856 Total Costs Acoounted For (d) Cost Accounted For: Transferred Out Work in Process .120 Total Cost 264. Materials Labor Overhead Total Work in Process Units 9.455 5.120 .150 970 9.529 4.830 82.

PARTMENT .

00 20.00 970 29.732 2.00 .00 49.Equivalent Units Unit Costs 9.150 49.50 9.732 8.120 29.50 8.50 8.00 8.00 8.00 582 582 582 2.50 9.732 8.

End Equivalent Units for Labor 5.430 2.End Equivalent Units for Materials 5.150 5.974 Transferred out to Finished Goods Work in Process .430 Transferred out to Finished Goods Work in Process .838 Labor Overhead PACKAGING DEPARTMENT .430 408 5.PACKAGING DEPARTMENT Cost Added in Current Month Materials Labor Overhead 2.430 0 5.720 100% 0% 20% 15% Packaging Department Equivalent Production Computation Month of January 2013 Materials Transferred out to Finished Goods Work in Process .End Stage of Completion of Ending Work in Process Transferred Out Materials Labor Overhead 8.596 Packaging Department Monthly Production Report Month of January 2013 Quantity Transferred in from Prior Department Transferred out to Finished Goods Work in Process .172 24.End Equivalent Units for Overhead 5.430 544 5.492 14.

End Total Accounted For Cost Schedule (c) Cost to be Accounted For: Costs Transferred In Costs incurred in this Department Material Labor Overhead Total costs in this Department Units 8.720 8.020 136.150 8.430 2.280 0 2.150 5.530 440.596 Total Costs to be Accounted For (d) Cost Accounted For: Transferred out to Finished Goods Work in Process .492 14.End Costs Transferred In Costs incurred in this Department Material Labor Overhead Total Work in Process Total Costs Accounted For 304.350 2.150 Total Cost 399.172 24.610 .230 1.080 133.Cost of Production Report Month of January 2013 Quantity Schedule (a) Quantity to be Accounted For: Transferred In Total to be Accounted For (b) Quantity Accounted For: Transferred out to Finished Goods Work in Process .

EPARTMENT .

40 4.50 7.50 .720 49.150 49.430 56.430 5.00 2.00 5.974 5.40 4.10 2.838 0.00 56.10 2.Equivalent Units Unit Costs 8.00 5.00 0 544 408 0.

770 136.480 399.954 24.492 156.350 41.BALANCES OF WORK IN PROCESS ON JANUARY 31.480 174.172 95.260 399.830 2.280 21.350 304.856 14.640 264.080 Balance January 31 65.528 264.616 82.2011 Materials Labor Overhead Cutting Assembly Packaging 77.048 39.632 69.596 Total costs incurred Transferred In Transferred Out 329.530 .

011 .