CHOCOLATE MANUFACTURING COMPANY

COST OF PRODUCTION REPORT

Quantity Schedule and Equivalent Units

Quantity
Schedule
Units to be accounted for:
Work in process, beginning 50000 *
Started into production 200000 *
Total units to be accounted for 250,000

Units accounted for as follows:

Transferred Out 190000 *
Work in process, ending 60000 *
Total units accounted for 250,000

Unit Costs
Work in process, beginning 842,300
Cost added by the department 154,000
Total cost (a) 996,300

Equivalent units (b)

Unit cost, (a)/(b) 4.42 =

Cost Reconciliation
Costs
Cost to be accounted for:
Work in process, beginning 842,300
Cost added by the department 154,000
Total cost to be accounted for 996,300

Cost accounted for as follows:

4.42 for Transferred Out units 839,557

Work in process, ending:

2.57 for Materials per EU 123,529
0.54 for Labor per EU 9,731
1.30 for Overhead per EU 23,482

Total work in process, ending 156,743

Total cost accounted for 996,300