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  • Process Costing Eg

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    Huu Luat
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    1. The document shows weighted average cost calculations for equivalent units, total production costs, cost per equivalent unit, and costs assigned to completed and incompleted units for two periods. 2. Total equivalent units were 400,000 for the first period and 325,000 for the second, with costs of $706,150 and $1,276,000 respectively. 3. Cost per equivalent unit was $1.77 for the first and $4 for the second. Costs were assigned to completed and incompleted units based on these rates.

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    PROCESS COSTING EG

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    1. The document shows weighted average cost calculations for equivalent units, total production costs, cost per equivalent unit, and costs assigned to completed and incompleted units for two periods. 2. Total equivalent units were 400,000 for the first period and 325,000 for the second, with costs of $706,150 and $1,276,000 respectively. 3. Cost per equivalent unit was $1.77 for the first and $4 for the second. Costs were assigned to completed and incompleted units based on these rates.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    14 views8 pages

    Process Costing Eg

    Uploaded by

    Huu Luat
    1. The document shows weighted average cost calculations for equivalent units, total production costs, cost per equivalent unit, and costs assigned to completed and incompleted units for two periods. 2. Total equivalent units were 400,000 for the first period and 325,000 for the second, with costs of $706,150 and $1,276,000 respectively. 3. Cost per equivalent unit was $1.77 for the first and $4 for the second. Costs were assigned to completed and incompleted units based on these rates.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 8

    Weighted average costs

    Physical Direct materials Conversion costs


    Unit % EU % EU
    1. Equivalent units
    - Completed units and tranfered out 390,000 100% 390,000 100% 390000
    -incompleted units 10,000 100% 10,000 50% 5000
    Total 400,000 400,000 395000
    2. Total production costs
    -WIP (1/4) 54,600 4,670
    -Incurred during April 505,400 141,480
    Total 706,150 560,000 146,150
    3. Cost per EU 1.77 1.400 0.37
    Costs / EU

    4. Costs assigned to:


    - Completed units and tranfered out 690300.000 546,000 ###
    -incompleted units 15,850 14,000 1,850.00000
    TOTAL 706,150 560,000 ###

    `
    Physical Direct materials Conversion costs
    Unit % EU %
    1. Equivalent units
    - Completed units and tranfered out 295.00 295.00
    -incompleted units 30.00 24.00
    Total 325.00000 319.00000
    2. Total production costs
    -WIP (1/4) 44.80
    -Incurred during April 1,231.20
    Total 1,276.00000
    3. Cost per EU 4.00000000
    Costs / EU

    4. Costs assigned to:


    - Completed units and tranfered out 1,180.00000
    -incompleted units 96.00000
    TOTAL ### 1,276.00000000
    Conversion costs Physical Direct materials
    EU Unit %
    1. Equivalent units
    295.00 - Completed units and tranfered out
    9.00 -incompleted units
    304.00000 Total
    2. Total production costs
    15.30 -WIP (1/4)
    896.70 -Incurred during April
    912.00000 Total
    3.00000000 3. Cost per EU
    Costs / EU

    4. Costs assigned to:


    885.00000 ### - Completed units and tranfered out
    27.00000 -incompleted units
    912.00000000 TOTAL
    Direct materials Conversion costs
    EU % EU
    FIFO
    Physical Direct materials Conversion costs
    Unit % EU %
    1. Equivalent units
    -WIP (1/4) 20,000 0% 0 90%
    - units STARTED and tranfered out 370,000 100% 370,000 100%
    -incompleted units 10,000 100% 10,000 50%
    Total 400,000 380,000
    2. Total production costs

    -Incurred during April 505,400


    Total 646,880 505,400
    3. Cost per EU 1.69 1.33
    Costs / EU

    4. Costs assigned to:


    -Wip (1/4) 6480 0
    - units started and tranfered out 625,300 492,100
    -incompleted units 15,100 13,300
    TOTAL 646,880 505,400

    Costs
    Beginning inccured
    Total production costs assigned to: Physical units balance during April Total costs
    -Wip (1/4) 20,000 59,270 6,480 65,750
    - units started and tranfered out 370,000 - 625,300 625,300
    -incompleted units 10,000 - 15,100 15,100
    Total 400,000 646,880 706,150
    Conversion costs Physical Direct materials
    EU Unit % EU
    1. Equivalent units
    18,000 -WIP (1/4)
    370000 - units STARTED and tranfered out
    5000 -incompleted units
    393,000 Total
    2. Total production costs

    141,480 -Incurred during April


    141,480 Total
    0.36 3. Cost per EU
    Costs / EU

    4. Costs assigned to:


    6480 -Wip (1/4)
    133,200 - units started and tranfered out
    1,800 -incompleted units
    141,480 TOTAL

    Cost per unit


    3.2875
    1.69
    Conversion costs
    % EU
    a
    WIP 4
    34

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