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    Felicity Lumapas
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    The document shows a quantity and cost schedule for different materials transferred out over multiple periods. It includes the quantity planned and actual for inputs, work in process, finished transfers, and ending inventory. It also includes the weighted average and FIFO unit costs for each material and period. The total cost of materials transferred out is calculated using both weighted average and FIFO accounting methods. Minor differences in totals are due to rounding.

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    The document shows a quantity and cost schedule for different materials transferred out over multiple periods. It includes the quantity planned and actual for inputs, work in process, finished transfers, and ending inventory. It also includes the weighted average and FIFO unit costs for each material and period. The total cost of materials transferred out is calculated using both weighted average and FIFO accounting methods. Minor differences in totals are due to rounding.

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    Download as XLSX, PDF, TXT or read online from Scribd
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    6 views4 pages

    Untitled

    Uploaded by

    Felicity Lumapas
    The document shows a quantity and cost schedule for different materials transferred out over multiple periods. It includes the quantity planned and actual for inputs, work in process, finished transfers, and ending inventory. It also includes the weighted average and FIFO unit costs for each material and period. The total cost of materials transferred out is calculated using both weighted average and FIFO accounting methods. Minor differences in totals are due to rounding.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 4

    Weighted Average FIF

    Canister Other DM DL OH Canister


    EUP 95900u 92680u 92450u 91760u 86100u
    Cost/EUP
    Transferred $0.76 $1.00 $0.89 $1.76 $0.85
    Out 91300 x (0.76+1+0.89+1.76) = $402633 $20,965.00 + $23,774.80 + $
    Cost of Ending
    Inventory 3496 + 1380 + 1023.50 + 809.60 = $6709.10 3910 + 1476.60 + 1069

    Quantity Schedule
    Canister Other DM DL
    IPB (100%, 60%, 40%, 20%) 9800 -9800 -5880 -3920
    WIP Started this Month 81500
    F&T 91300 91300 91300 91300
    IPE (100%, 30%, 25%, 10%) 4600 4600 1380 1150
    EUP (Weighted Ave) 95900 92680 92450
    EUP (FIFO) 86100 86800 88530

    Cost/EUP

    Canister Materials
    7382 + 65658 6188 + 86296
    Weighted Ave 73040/95900 Weighted Ave 92484/92680
    $0.76 $1.00
    FIFO 73040/86100 FIFO 92484/86800
    $0.85 $1.07

    Cost of Ending Inventory

    Canisters Materials
    4600(0.76) $3,496.00 1380(1.00) $1,380.00
    4600(0.85) $3,910.00 1380(1.07) $1,476.60

    FIFO Cost of Transferred Out:


    Materials (40%) Labor (60%) OH(80%)
    IPB
    Cost Added to IPB:
    Materials 3920u 5880u 7840u
    Costs $1.07 $0.93 $1.80
    Total Costs $4,194.40 $5,468.40 $14,112.00
    Cost Started and Completed (76900 x 4.65)
    Cost Finished and Transferred Out
    Note: Dili nako ma match ang Sources and Targets because of rounding difference. Pwede ra siya i-solve balik
    match Reference: Sources = $409349
    FIFO
    Other DM DL OH
    86800u 88530u 89800u
    $1.07 $0.93 $1.80
    $20,965.00 + $23,774.80 + $357,585.00 = $402,324.80
    3910 + 1476.60 + 1069.50 + 828 = $7284.10

    OH
    -1960 F&T Solution
    Sources = Targets
    91300 IPB + Started this month = F&T + IPE
    460 9800 + 81500 = F&T + 4600
    91760 91300 = 9800 + 81500 - 4600
    89800

    Labor OH
    3963 + 78616 3432 + 157814
    Weighted Ave 82579/92450 Weighted Ave 161246/91760
    $0.89 $1.76
    FIFO 82579/88530 FIFO 161246/89800
    $0.93 $1.80

    Labor OH
    1150(0.89) $1,023.50 460(1.76) $809.60
    1150(0.93) $1,069.50 460(1.80) $828.00

    $20,965.00

    $23,774.80
    $357,585.00
    $402,324.80
    e. Pwede ra siya i-solve balik to get the exact rounded values of costs to

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