Raw materials Inventory Work in process inventory

BI 54000 BI 23400
Purchase 252000 220000 DM used DM used 220000
60000 IM used DL 188800
App MOH 389000
Total 306000 280000 Total 821200
EB 26000 EB 121200

Manufacturing overhead
Ind materials 60000 389000 App MOH
Ind labor 47200
71200
145000
66900 Cost of goods sold
Total 390300 389000
EB 1300 Unadjusted COGS 620000
1300 Adjustment 1300
Adjusted COGS 621300

Sales revenue Nonmanufacturing expenses

900000 Revenue 56100
82500

138600
Work in process inventory Finished goods inventory
BI 120000
700000 Jobs completed 700000 620000 Jobs sold

700000 Total 820000 620000

EB 200000

Cost of goods sold

nmanufacturing expenses
 Coda Industries
Cost of goods manufactured report
November 1

Item Amount
BI RM 54000
Purchase 252000
EB -26000
IM -60000
Direct materials used 220000
Direct labor 188800
Manufacturing overhead applied 389000
Total current manufacturing costs 797800
Plus: beginning work in process inventory 23400

Less: Ending finished goods inventory -121200

Cost of goods manufactured 700000
Plus: beginning finished goods inventory

Less: Ending finished goods inventory

Unadjusted cost of goods sold
Overhead adjustment
Adjusted cost of goods sold
1/ Reconcile the number of physical units
a. Units completed (provide the formula) =

Units started and completed =

b. Equivalent units
Physical units Equivalent units
DM
Details Result
Beg. Inventory
Started and completed
Ending inventory
Total

c. Cost per equivalent unit

DM CC
Current costs
Equivalent units
Cost per unit

d. Reconcile the total cost of work in process

Equivalent units
DM CC

Beginning Inventory cost

Cost to complete beginning

inventory

Cost of units started &

completed

Ending inventory

Total

2/
Cost of units completed
 units
units

Equivalent units
CC
Details Result

Total

Total