Department 1 Department 2

Given: March April March April

Started/Transferred In 100,000 150,000 80,000
EWIP 20,000 50,000 30,000
Percentage of Completion 0.60 0.40 0.33

Cost:
M 240,000 339,200 120,000 260,400
CC 320,000 448,000 80,000 186,000
Transferred-in

Your Company
Cost Of Production Report
For the Month, March 2020

EUP
Quantity Schedule Actual DM CC Actual
Started/Trans.-in 100,000 80,000

Finished & Transferred 80,000 80,000 80,000 50,000

EWIP 20,000 12,000 12,000 30,000
Totals 100,000 92,000 92,000 80,000

Cost Schedule
Current Period Cost 560,000 240,000 320,000 686,957

CPU 6 3 3 9

COST Accounted for as follows

Finished & Transferred 486,957 208,696 278,261 471,014
EWIP 73,043 31,304 41,739 215,942
Cost as accounted for 560,000 240,000 320,000 686,957

Your Company
Cost Of Production Report
For the Month, April 2020

EUP
Quantity Schedule Actual DM CC
BWIP 20,000 30,000
STARTED/T-in 150,000 120,000
 Total Units to account 170,000 150,000

Finished & Transferred 120,000 120,000 120,000 100,000

EWIP 50,000 20,000 20,000 50,000
Total Units Accounted for 170,000 140,000 140,000 150,000

Cost Schedule: Total DM CC

BWIP 73,043 31,304 41,739 215,942
Current period cost 787,200 339,200 448,000 1,183,752
Total cost to account for 860,243 370,504 489,739 1,399,694

CPU 6.14 2.65 3.50 10.49

Cost Accounted for as follows:

Finished & Transferred 737,352 317,575 419,776 1,049,428
EWIP 122,892 52,929 69,963 350,266
TOTAL Cost Accounted for 860,243 370,504 489,739 1,399,694
 EUP
T-in DM CC

50,000 50,000 50,000

30,000 10,000 10,000
80,000 60,000 60,000

486,957 120,000 80,000

6 2 1

304,348 100,000 66,667

182,609 20,000 13,333
486,957 120,000 80,000
100,000 100,000 100,000
50,000 10,000 10,000
150,000 110,000 110,000

182,609 20,000 13,333

737,352 260,400 186,000
919,960 280,400 199,333

6.13 2.55 1.81

613,307 254,909 181,212

306,653 25,491 18,121
919,960 280,400 199,333
Given:
BWIP, 2/3 Completed 6000
Received FROM D1 @P3/unit 20000
EWIP, 1/4 COMPLETED 4000
Cost added this month
DM 102000
CC 153000
255000
Mats are added at the start of the process
CC are applied evenly throughout the process
FIFO
Quantity Schedule Actual T-in DM
BWIP 6000
T-in 20000
Total Units to account 26000

Finished & Transferred from:

BWIP 6,000 - -
Started this month 16,000 16,000 16,000
EWIP 4,000 4,000 4,000
Total Units Accounted for 26000 20000 20000

Cost Schedule: Total T-in DM

BWIP 80,000 18,000 30,000
Current period cost 315,000 60,000 102,000
Total cost to account for 395,000 78,000 132,000

CPU 16.15 3.00 5.10

Cost Accounted for as follows:

BWIP, Finished & Transferred
Cost last month 80,000 18,000 30,000
Cost this month 16,105 - -
Total 96,105 18,000 30,000
Started, Finished & Transferred 258,442 48,000 81,600
Total Cost Transferred out 354,547 66,000 111,600
EWIP 40,453 12,000 20,400
TOTAL Cost Accounted for 395,000 78,000 132,000
CC

2,000
16,000
1,000
19000

CC
32,000
153,000
185,000

8.05

32,000
16,105
48,105
128,842
176,947 16.12
8,053
185,000
 DM are added as follows:
50% at the start, 30% at midpoint, balance after inspection at 4/5 stage of completion.
CC are applied evenly throughout the process
Data for October
BWIP, 3/4 completed 10000
T-in @ P25 40000
EWIP, 30% 20000
Cost: bwip current month
T-in 250,000 1,000,000
dm 70,000 320,000
cc 150,000 450,000

FIFO EUP
Quantity Schedule Actual T-IN DM
BWIP 10000
T-in 40000
Total Units to account 50000

Finished & Transferred from:

BWIP 10,000 - 2,000
Started this month 20,000 20,000 20,000
EWIP 20,000 20,000 10,000
Total Units Accounted for 50,000 40,000 32,000

Cost Schedule:
BWIP 470,000 250,000 70,000
Current period cost 1,770,000 1,000,000 320,000
Total cost to account for 2,240,000 1,250,000 390,000

CPU 50.79 25.00 10.00

Cost Accounted for as follows:

BWIP, Finished & Transferred
Cost last month 470,000 250,000 70,000
Cost this month 59,474 - 20,000
Total 529,474 250,000 90,000
Started, Finished & Transferred 1,015,789 500,000 200,000
Total Cost Transferred out 1,545,263 750,000 290,000
EWIP 694,737 500,000 100,000
TOTAL Cost Accounted for 2,240,000 1,250,000 390,000
UP
CC

2,500
20,000
6,000
28,500

150,000
450,000
600,000

15.79

150,000
39,474
189,474
315,789
505,263
94,737
600,000
NORMAL LOST UNITS (NLU)
EUP: D1 D2
Lost U Occurred @
Start of the process 0 0
DURING THE PROCESS
Continous 0 0
Discrete % OF COMP % OF COMP
END 100% 100%

COST:
Lost U Occurred @
Start of the process 0 T-IN cost
DURING THE PROCESS
C 0 T-IN cost
D EUP @ U-COST T-IN cost
EUP@U-COST
END 100% 100% T-IN
100% THIS DEPT

ABSORBING UNITS:
Lost U Occurred @
Start of the process 0 all units except bwip
DURING THE PROCESS
C 0 all units except bwip
D EUP EUP
END ALL, except ewip ALL, except ewip
Given:
FIFO
BWIP, 60% PROCESSED 10000 COST:
Started 30000 DM 50000
Trans-out 32000 CC 27000
Normal spoilage is 10% of units stated during the period
EWIP, 1/5 COMPLETED
Assume that normal spoilage occurred at the start of the process
Materials are added at the start of the process, CC are applied evenly.

Quantity Schedule Actual DM CC

BWIP 10000
T-in 30000
Total Units to account 40000

Finished & Transferred from:

BWIP 10000 0 4000
Started this month 22000 22000 22000
Normal Spoiled Units 3000 0 0
EWIP 5000 5000 1000
Total Units Accounted for 40,000.00 27,000.00 27,000.00

Cost Schedule:
BWIP 24000 18000 6000
Current period cost 77000 50000 27000
Total cost to account for 101000 68000 33000

CPU 2.85 1.85 1.00

Cost Accounted for as follows:

BWIP, Finished & Transferred
Cost last month 24,000 18,000 6,000
Cost this month 4,000 - 4,000
Total 28,000 18,000 10,000
Started, Finished & Transferred 62,741 40,741 22,000
Total Cost Transferred out 90,741 58,741 32,000
EWIP 10,259 9,259 1,000
TOTAL Cost Accounted for 101,000 68,000 33,000
Given:
FIFO
BWIP, 60% PROCESSED 10000 COST:
Started 30000 DM 50000
Trans-out 32000 CC 27000
Normal spoilage is 10% of units stated during the period
EWIP, 1/5 COMPLETED
Assume that normal spoilage occurred at the start of the process
Materials are added at the start of the process, CC are applied evenly.

Quantity Schedule Actual DM CC

BWIP 10000
T-in 30000
Total Units to account 40000

Finished & Transferred from:

BWIP 10000 0 4000
Started this month 22000 22000 22000
Normal Spoiled Units 3000 3000 0
EWIP 5000 5000 1000
Total Units Accounted for 40,000.00 30,000.00 27,000.00

Cost Schedule:
BWIP 24000 18000 6000
Current period cost 77000 50000 27000
Total cost to account for 101000 68000 33000

CPU 2.67 1.67 1.00

Adjustment for Normal Spoilage 0.19
Cost Accounted for as follows: 1.85 1.00

BWIP, Finished & Transferred

Cost last month 24,000 18,000 6,000
Cost this month 4,000 - 4,000
Total 28,000 18,000 10,000
Started, Finished & Transferred 62,741 40,741 22,000
Total Cost Transferred out 90,741 58,741 32,000
EWIP 10,259 9,259 1,000
TOTAL Cost Accounted for 101,000 68,000 33,000
Given:
FIFO
BWIP, 60% PROCESSED 10000 COST:
Started 30000 DM 50000
Trans-out 32000 CC 27000
Normal spoilage is 10% of units stated during the period
EWIP, 1/5 COMPLETED
Assume that normal spoilage occurred at the end of the process
Materials are added at the start of the process, CC are applied evenly.

Quantity Schedule Actual DM CC

BWIP 10000
T-in 30000
Total Units to account 40000

Finished & Transferred from:

BWIP 10000 0 4000
Started this month 22000 22000 22000
Normal Spoiled Units 3000 3000 3000
EWIP 5000 5000 1000
Total Units Accounted for 40,000.00 30,000.00 30,000.00

Cost Schedule:
BWIP 24000 18000 6000
Current period cost 77000 50000 27000
Total cost to account for 101000 68000 33000

CPU 2.57 1.67 0.90

Cost Accounted for as follows:

BWIP, Finished & Transferred
Cost last month 24,000 18,000 6,000
Cost this month 3,600 - 3,600
Total 27,600 18,000 9,600
Started, Finished & Transferred 56,467 36,667 19,800
Normal Spoilage 7,700 5,000 2,700
Total Cost Transferred out 91,767 59,667 32,100
EWIP 9,233 8,333 900
TOTAL Cost Accounted for 101,000 68,000 33,000