Production Cost Report – Weighted Average

Units to account for: Physical Units Direct Materials Labor Overhead

Beginning WIP 10,000

Started in production 40,000
Total Units to Account for 50,000

Units accounted for

Completed and Transferred 35,000 35,000 35,000 35,000
Normal Loss 5,000 5,000 0 0
Ending WIP 10,000 10,000 5,000 5,000
Total Units accounted for 50,000 50,000 40,000 40,000

Costs Transferred in Direct Labor Overhead Total

cost Material
Costs to account for
Beginning Work In 40,000 20,000 39,000 42,000 141,000
Process
Cost Added During the 140,000 70,000 162,500 130,000 502,500
Month
Total Costs to account 180,000 90,000 201,500 172,000 643,500
for
Divided by: Total 50,000 50,000 40,000 40,000
Equivalent Units of
Production
Cost per equivalent 36,000 18,000 50,375 43,000 68,375
units (cost per EUP)

Cost accounted for

Completed and 126,000 63,000 176,313 150,500 515,812.5
transferred out (EUP *
Cost per EUP)
Normal Loss 18,000 9,000 27,000
Ending Work In process 36,000 18,000 25,188 21,500 100,687.5
(EUP * Cost per EUP)
Total Costs accounted 180,000 90,000 201,500 172,000 643,500
for