Assembly Department

January 2020

Quantity
Work In Proces 100,000
Started during 800,000
Transferred Out 700,000
Work In Proces 200,000

Stage of Completion
Materials 100%
Labor 60%
Overhead 60%

Work In Process, January 1

Materials 50,000
Labor 24,800
Overhead 17,400

Cost Incurred
Materials 400,000
Labor 90,000
Overhead 80,000

Physical Equivalent Units           

Units   Materials Conversion
QUANTITIES 100% 25%
Units to account
Work in process, Beg. 200
Started into production 2,300
Total units 2,500
Units accounted for
Transferred out 2,180 2,180 2,180
Work in process, End. 320 320 80
Total units 2,500 2,500 2,260

COSTS
Unit costs
Cost Transferred In
WIP 8000 47215
Costs during the period 100,000 207,600
Total Cost a) 108,000 254,815
Equivalent units b) 2,500 2,260
Unit costs [(a) ÷ (b)] 155.95 43.20 112.75

Costs to be accounted for

Work in process, Beg. - 55,215
 Cost Transferred In -
Started into production 307,600
Total costs 362,815

Cost Reconciliation Schedule

Costs accounted for
Transferred out (125,000*0.32) 339,971
Work in process, End.
Materials (25,000*0.14) 13,824
Conversion Cost (10,000*0.18) 9,020
Total costs 362,815

-
 Shaping Department
Physical Equivalent Units           
Units   Materials Conversion
QUANTITIES 75% 50% QUANTITIES
Units to account Units to account
Work in process, Beg. 3,000
Transferred In 7,500
Total units 10,500 Total units
Units accounted for Units accounted for
Transferred out 8,500 8,500 8,500
Work in process, End. 2,000 1,500 1,000
Total units 10,500 10,000 9,500 Total units

COSTS COSTS
Unit costs Unit costs

WIP 31,200 52,700

Costs during the period 82,800 226,600
Total Cost a) 114,000 279,300
Equivalent units b) 10,000 9,500
Unit costs [(a) ÷ (b)] 40.800 11.4000 29.400

Costs to be accounted for Costs to be accounte

Work in process, Beg. - 83,900
 Cost Transferred In, WIP beg 5.90 10,500 62,000
Cost Transferred In , During 24.10 10,500 253,000
Started into production 309,400
Total costs 70.80 708,300 Total costs

Cost Reconciliation Schedule Cost Reconciliation S

Costs accounted for Costs accounted
Transferred out (8,500*70.80) 601,800
Work in process, End.
Cost from Prior Dept (2,000*30) 60,000.00
Materials (1,500*11.40) 17,100
Conversion Cost (1,000*29.4) 29,400 Total costs
Total costs 708,300

WIP- Shaping
beg 145,900 601800
cost incurre 309400 WIP- Shaping 309400
transferred 253000 materials 82800
total 708,300 601800 Payroll 67000
AFOH 159600
end 106,500
WIP- Shaping 253000
WIP-Cutting 253000

WIP-Finishing 601,800
WIP -Shaping 601800
 Department 3
Physical Equivalent Units           
Units   Materials Conversion
QUANTITIES
Units to account
Work in process, Beg. 0
Started into production 125,000
Total units 115,000
Units accounted for
Transferred out 112,000 112,000 112,000
Work in process, End. 3,000 3,000 2,700
Total units 115,000 115,000 114,700

COSTS
Unit costs 0.14 0.48
Cost Transferred In 40.80

Costs during the period - 24,087

Total Cost a) - 24,087
Equivalent units b) 115,000 114,700
Unit costs [(a) ÷ (b)] 41.010 0.00 0.210

Costs to be accounted for

Work in process, Beg. - -
 Cost Transferred In 601,800
Started into production 24,087
Total costs 625,887

Cost Reconciliation Schedule

Costs accounted for
Transferred out (112,000*0.83) 4,593,120
Work in process, End.
Materials (3,000*0.14) 420
Conversion Cost (3,000*0.48+2,700*0.21) 2,007
Total costs 4,595,547