Department 1

QUANTITY SCHEDULE Actual Mats CC

Beginning WIP 6000
Started in Process 44500
to be accounted for 50500

Transferred out to next department

From Beginning WIP 6000 100% 6000 1/3 2000
Started, Finished and transferred 40000 46000 40000 40000
Ending WIP 4500 100% 4500 3/5 2700
as accounted for 50500 50500 44700

COST SCHEDULE
Beginning WIP 5200
Transferred in cost-current
Cost added this department
Materials 19800 ÷ 50500 = 0.3920792
CC 16800 ÷ 44700 = 0.3758389
Total cost to account for 41800 0.7679181

Transferred out
From Beginning WIP 5200
Cost added this month
Materials 2352.475 = 6000 x 0.3920792
CC 751.6779 = 2000 x 0.3758389
Total Beginning WIP 8304.153
From transferred in 30716.73 = 40000 x 0.7679181
Total costs transferred out 39020.88 ÷ 46000 = 0.84828

Ending WIP
Transferred in costs
Cost added
Materials 1764.356 = 4500 x 0.3920792
CC 1014.765 = 2700 x 0.3758389
Total Beginning WIP 2779.122
Total costs accounted for 41800
 Department 2
Actual Mats CC
5000
46000
51000

5000 30% 1500 2/5 2000

37000 42000 37000 37000
9000 30% 2700 7/8 7875
51000 41200 46875

10685
39020.9 ÷ 46000 = 0.84828

34799 ÷ 41200 = 0.844636

45920 ÷ 46875 = 0.979627
130424.9 2.672543

10685

1266.954 = 1500 x 0.844636

1959.253 = 2000 x 0.979627
13911.21
98884.09 = 37000 x 2.672543
112795.3 ÷ 42000 = 2.685602

7634.524 9000 0.84828

2280.517 = 2700 x 0.844636

7714.56 = 7875 x 0.979627
9995.077
130424.9