DM CC Total

Cost $ 900,000 $ 957,600

Completed 12,000 12,000
Cost per Unit $ 75.00 $ 79.80 $ 154.80

Equivalent Units
Phys. Units DM CC
WIP beg -
Started 12,000
To Account For 12,000

Completed & Transferred 9,000 9,000 9,000

WIP end: DM 100%, CC 50% 3,000 3,000 1,500
Accounted For 12,000 12,000 10,500

Prod. Cost DM CC
WIP beg $ - $ - $ -
Cost added $ 1,857,600 $ 900,000 $ 957,600
To account for $ 1,857,600 $ 900,000 $ 957,600

To account for $ 900,000 $ 957,600

Equivalent Unit 12,000 10,500
Cost per EU $ 75.00 $ 91.20

Completed & Transferred $ 1,495,800 $ 675,000 $ 820,800

WIP end $ 361,800 $ 225,000 $ 136,800
Accounted For $ 1,857,600 $ 900,000 $ 957,600

JOURNAL ENTRIES
WIP - Assembly $ 900,000
AP $ 900,000
Direct Materials

WIP - Assembly $ 957,600

Various Accounts $ 957,600
Conversion Costs

WIP - Testing $ 1,495,800

WIP - Assembly $ 1,495,800
Completed and transferred
 WIP - Assembly
DM $ 900,000
CC $ 957,600
$ 1,495,800 Completed and Transferred
WIP end $ 361,800
 Phys. Units DM CC
WIP beg 8
Started 55
TAF 63

C&T 51 51 51
WIP end 12 7.2 3.6
Accounted 63 58.2 54.6

Total Costs to Account For

Prod. Cost DM CC
WIP beg $ 6,428,400 $ 5,426,960 $ 1,001,440
Cost added $ 50,732,000 $ 35,420,000 $ 15,312,000
TAF $ 57,160,400 $ 40,846,960 $ 16,313,440

Cost per EUP

DM CC
TAF $ 40,846,960 $ 16,313,440
EUP 58.2 54.6
Cost / EUP $ 701,837.80 $ 298,780.95

Assign Costs to Completed Units and WIP, End

Prod. Cost DM CC
C&T $ 51,031,556 $ 35,793,728 $ 15,237,829
WIP end $ 6,128,844 $ 5,053,232 $ 1,075,611
Cost Accounted for $ 57,160,400 $ 40,846,960 $ 16,313,440

Journal Entries
WIP $ 35,420,000
A/P $ 35,420,000

WIP $ 15,312,000
Various Accounts $ 15,312,000

FG Inventory $ 51,031,556
WIP $ 51,031,556

WIP
WIP b $ 6,428,400
DM $ 35,420,000
CC $ 15,312,000
$ 51,031,556 C & T
$ 6,128,844
 Phys. Units DM CC
WIP beg 8
Started 55
TAF 63

WIP beg (to complete 8 0.8 4.8

Started & Completed 43 43 43
WIP end 12 7.2 3.6
Accounted 63 51 51.4

Total Costs to Account For

Prod. Cost DM CC
WIP beg $ 6,428,400 $ 5,426,960 $ 1,001,440
Cost added $ 50,732,000 $ 35,420,000 $ 15,312,000
TAF $ 57,160,400 $ 40,846,960 $ 16,313,440

Cost per EUP

DM CC
Cost Added $ 35,420,000 $ 15,312,000
EUP 51 51.4
Cost / EUP $ 694,509.80 $ 297,898.83

Assign Costs to Completed Units and WIP, End

Prod. Cost DM CC
WIP beg $ 6,428,400 $ 5,426,960 $ 1,001,440
To complete $ 1,985,522 $ 555,608 $ 1,429,914
Started & Completed $ 42,673,571 $ 29,863,922 $ 12,809,650
WIP end $ 6,072,906 $ 5,000,471 $ 1,072,436
Cost Accounted for $ 57,160,400 $ 40,846,960 $ 16,313,440

Journal Entries
WIP $ 35,420,000
A/P $ 35,420,000

WIP $ 15,312,000
Various Accounts $ 15,312,000

FG Inventory $ 51,087,494
WIP $ 51,087,494
 WIP
WIP b $ 6,428,400
DM $ 35,420,000
CC $ 15,312,000

$ 51,087,494 C & T
$ 6,072,906
1) Percentage of Completion
TI DM CC
a) WIP Beg 100% 0% 65%
b) WIP End 100% 0% 45%

2) Equivalent Units
Phys. U. T. In DM CC
WIP Beg 5,500
T. In 26,000
To Account for 31,500

C&T 29,800 29,800 29,800 29,800

WIP End 1,700 1,700 - 765
Accounted for 31,500 31,500 29,800 30,565

3) Assigning Costs
Prod. Cost T. In DM CC
WIP Beg $ 3,430,790 $ 2,931,000 $ - $ 499,790
Cost Added $ 23,667,260 $ 8,094,000 $ 10,877,000 $ 4,696,260
To Account For $ 27,098,050 $ 11,025,000 $ 10,877,000 $ 5,196,050
EU 31,500 29,800 30,565
Cost / EU 350 365 170

C&T 26,373,000 10,430,000 10,877,000 5,066,000

WIP End 725,050 595,000 - 130,050
Accounted for 27,098,050 11,025,000 10,877,000 5,196,050

4) Journal Entries

WIP
Beg $ 3,430,790
T-In 8,094,000
DM 10,877,000
CC 4,696,260
26,373,000 C & T
End $ 725,050

WIP - Testing 23,667,260

WIP - Assembly 8,094,000
Cash 10,877,000
Various Accounts 4,696,260

FG Inventory 26,373,000
WIP - Testing 26,373,000
1) Percentage of Completion
TI DM CC
a) WIP Beg 100% 0% 65%
b) WIP End 100% 0% 45%

2) Equivalent Units
Phys. U. T. In DM CC
WIP Beg 5,500
T. In 26,000
To Account for 31,500

WIP Beg 5,500 - 5,500 1,925

T. Out 24,300 24,300 24,300 24,300
WIP End 1,700 1,700 - 765
Accounted for 31,500 26,000 29,800 26,990

3) Assigning Costs
Prod. Cost T. In DM CC
WIP Beg $ 3,378,790 $ 2,879,000 $ - $ 499,790
Cost Added $ 24,621,260 $ 9,048,000 $ 10,877,000 $ 4,696,260
To Account For $ 28,000,050 $ 11,927,000 $ 10,877,000 $ 5,196,050

Cost Added $ 24,621,260 $ 9,048,000 $ 10,877,000 $ 4,696,260

EU 26,000 29,800 26,990
Cost / EU 348 365 174

WIP Beg 3,378,790 $ 2,879,000 $ - $ 499,790

To Complete 2,342,450 $ - $ 2,007,500 $ 334,950
Trans. & Completed 21,554,100 8,456,400 8,869,500 4,228,200
WIP End 724,710 591,600 - 133,110
Accounted for 28,000,050 11,927,000 10,877,000 5,196,050

4) Journal Entries

WIP
Beg $ 3,378,790
T. in $ 9,048,000
DM 10,877,000
CC 4,696,260
27,275,340 C & T
End $ 724,710

WIP - Testing 24,621,260

WIP - Assembly 9,048,000
Cash 10,877,000
Various Accounts 4,696,260
FG Inventory 27,275,340
WIP - Testing 27,275,340
 PU DM CC
WIP Beg 4,000
Started 22,500
TAF 26,500

C&T 26,000 26,000 26,000

WIP End 500 500 325
AF 26,500 26,500 26,325

Prod. Cost DM CC
WIP Beg 1,489,650 1,248,000 241,650
Added 7,210,125 4,635,000 2,575,125
TCTAF 8,699,775 5,883,000 2,816,775

DM CC
TCTAF 5,883,000 2,816,775
EUP 26,500 26,325
C/EUP 222 107

Prod. Cost DM CC
C&T 8,554,000 5,772,000 2,782,000
WIP End 145,775 111,000 34,775
TCAF 8,699,775 5,883,000 2,816,775
 PU DM CC
WIP Beg 4,500
Started 21,500
TAF 26,000

C&T 24,000 24,000 24,000

WIP End 2,000 2,000 1,500
AF 26,000 26,000 25,500

Prod. Cost DM CC
WIP Beg 7,584,000 5,112,000 2,472,000
Added 580,500 426,000 154,500
TCTAF 8,164,500 5,538,000 2,626,500

DM CC
TCTAF 5,538,000 2,626,500
EUP 26,000 25,500
C/EUP 213 103

Prod. Cost DM CC
C&T 7,584,000 5,112,000 2,472,000
WIP End 580,500 426,000 154,500
TCAF 8,164,500 5,538,000 2,626,500

WIP - Assembly 5,112,000

AP 5,112,000

WIP - Assembly 2,472,000

Various Accounts 2,472,000

WIP - Testing 7,584,000

WIP - Assembly 7,584,000
 PU DM CC
WIP Beg 10 5% 60%
Started 60
TAF 70

WIP Beg 10 0.50 6.00

S&C 36 36.00 36.00
WIP End 24 13.20 6.00
CTC 70 49.70 48.00

Prod. Cost DM CC
Cost added 50,815,000 35,460,000 15,355,000
EUP 49.70 48.00
C/EUP 713,480.89 319,895.83
 PU DM CC
WIP Beg 9 20% 65%
Started 80
TAF 89

WIP Beg 9 1.80 5.85

S&C 36 36.00 36.00
WIP End 44 26.40 11.00
CTC 89 64.20 52.85

Prod. Cost DM CC
WIP Beg 6,501,470 5,500,000 1,001,470
Cost Added 50,760,000 35,440,000 15,320,000
TCTAF 57,261,470 40,940,000 16,321,470

Prod. Cost DM CC
Cost added 50,760,000 35,440,000 15,320,000
EUP 64.20 52.85
C/EUP 552,024.92 289,877.01

Prod. Cost DM CC
WIP Beg 6,501,470 5,500,000 1,001,470
WIP Beg - CTC 2,689,425.37 993,644.86 1,695,780.51
S&C 30,308,469.57 19,872,897.20 10,435,572.37
WIP End 17,762,105.06 14,573,457.94 3,188,647.11
TCAF 57,261,470 40,940,000 16,321,470