Department 2

Monthly Production Report

July 2018

Quantity
Transferred In From Prior Department 13,000
Transferred Out 11,000
Work in Process - End 2,000
Stage of Completion of Ending Work In Process
Transferred In Cost 100%
Materials 0%
Conversion Cost 45%

Department 2
Equivalent Production Computations
Month of July 2018

Materials
Transferred Out to Next Department: (13,000 - 2,000) 11,000
Work in Process - End -0-
Equivalent Units for Materials 11,000

Conversion Cost
Transferred Out to Next Department 11,000
Work in Process - End (2,000 x 45%) 900
Equivalent Units for Conversion cost 11,900

Department 2
Cost of Production Report
Month of July 2018

Quantity Schedule
(a) Quantity to Be Accounted For:
Transferred In From Prior Department 13,000

Total to Be Accounted For 13,000

(b) Quantity Accounted For:
Transferred Out to Next Department 11,000
Work in Process - End 2,000
 Total Accounted For 13,000

Equivalent
Cost Schedule Total Cost Units
(c) Costs to Be Accounted For:
Costs Transferred In 16,120 ÷ 13,000
Costs Incurred in this Department
Materials 2,860 ÷ 11,000
Conversion Costs 9,996 ÷ 11,900
Total Costs in this Department 12,856
Total Costs to Be Accounted For 28,976
(d) Cost Accounted For:
Transferred Out 25,740 = 11,000
Work in Process - End
Costs Transferred In 2,480 = 2,000
Costs Incurred in this Department
Conversion Costs 756 = 900
Total Work in Process 3,236
Total Costs Accounted For 28,976
Problem 10-5

Equivalent Production Computations

Materials
Transferred Out to Next Department:
Work in Process - End
Equivalent Units for Materials

Conversion Cost
Transferred Out to Next Department
Work in Process - End
Equivalent Units for Conversion cost

Department 1
Cost of Production Report
Quantity Schedule
(a) Quantity to Be Accounted For:
Started in Process

Total to Be Accounted For

(b) Quantity Accounted For:
Transferred Out to Next Department
Work in Process - End

Total Accounted For

 Cost Schedule
Equivalent Unit (c) Costs to Be Accounted For:
Costs Materials
Conversion Costs
= 1.24

= 0.26 Total Costs to Be Accounted For

= 0.84 (d) Cost Accounted For:
1.1 Transferred Out
2.34 Work in Process - End
Materials
x 2.34 Conversion Costs
Total Work in Process
x 1.24 Total Costs Accounted For

x 0.84 Department 2
Quantity Schedule
(a) Quantity to Be Accounted For:
Transferred In From Prior Department

Total to Be Accounted For

(b) Quantity Accounted For:
Transferred Out to Next Department
Work in Process - End

Total Accounted For

Cost Schedule
(c) Costs to Be Accounted For:
Costs Transferred In
Costs Incurred in this Department
Conversion Costs
Total Costs to Be Accounted For

(d) Cost Accounted For:

Transferred Out
Work in Process - End
Costs Transferred In
Costs Incurred in this Department
Conversion Costs
Total Work in Process
Total Costs Accounted For
Problem 10-6

Materials
Transferred Out to Next Department:
Work in Process - End
Equivalent Units for Materials

Conversion Cost
Transferred Out to Next Department
Work in Process - End
Equivalent Units for Conversion cost

Department 1
Cost of Production Report
Quantity Schedule
(a) Quantity to Be Accounted For:
Started in Process

Total to Be Accounted For

(b) Quantity Accounted For:
Transferred Out to Next Department
Work in Process - End

Total Accounted For

Cost Schedule
(c) Costs to Be Accounted For:
Materials
Conversion Costs
Total Costs to Be Accounted For

(d) Cost Accounted For:

Transferred Out
Work in Process - End
Materials
Conversion Costs
Total Work in Process
Total Costs Accounted For

Department 2
Quantity Schedule
(a) Quantity to Be Accounted For:
Transferred In From Prior Department

Total to Be Accounted For

(b) Quantity Accounted For:
Transferred Out to Next Department
Work in Process - End

Total Accounted For

Cost Schedule
(c) Costs to Be Accounted For:
Costs Transferred In
Costs Incurred in this Department
Conversion Costs
Total Costs to Be Accounted For

(d) Cost Accounted For:

Transferred Out
Work in Process - End
Costs Transferred In
Costs Incurred in this Department
Conversion Costs
Total Work in Process
Total Costs Accounted For
Department 1 Department 2

60,000 55,000
15,000 0
75,000 55,000

60,000 55,000
9,000 4,000
69,000 59,000

75,000

75,000

60,000
15,000

75,000
 Equivalent Unit
Total Cost Units Costs

300,000 / 75,000 4
258,750 / 69,000 3.75
7.75

558,750

465,000 60,000 7.75

60,000 15,000 x 4
33,750 9,000 x 3.75
93,750
558,750

60,000

55,000
5,000

60,000

465,000 60,000 7.75

243,375 59,000 4.125

708,375 11.875

653,125 55,000 11.875

38,750 5,000 7.75

16,500 4,000 4.125

55,250
708,375
 Dept 1 Dept 2 Dept 3

125,000 115,000 112,000

25,000 0 0
150,000 115,000 112,000

125,000 115,000 112,000

10,000 1,000 2,700
135,000 116,000 114,400

150,000

150,000

125,000
25,000

150,000

21,000 150,000 0.14

24,300 135,000 0.18
45,300 0.32

40,000 125,000 0.32

3,500 25,000 0.14

1,800 10,000 0.18
5,300
45,300
125,000

125,000

115,000
10,000

125,000

40,000 125,000 0.32

34,800 116,000 0.3

74,800 0.62

71,300 115,000 0.62

3,200 10,000 0.32

300 1,000 0.3

3,500
74,800