Problem 10-9

Assembly Department Assembly Department

Equivalent Production Computations Cost of Production Report
Month of August Month of August

Materials Quantity Schedule

Transferred Out to Next Department 1860 (a) Quantity to be Accounted fo
Work in Process- End 140
Equivalent Units for Materials 2000

Labor (b) Quantity Accounted for

Transferred Out to Next Department 1860
Work in Process- End 105
Equivalent Units for Labor 1965

Overhead Cost Schedule

Transferred Out to Next Department 1860 ( c) Cost to be Accounted for
Work in Process- End 105
Equivalent Units for Overhead 1965

Total cost to be accounted for

(d) Cost Accounted for

Total cost accounted for

Finishing Department Finishing Department

Equivalent Production Computations Cost of Production Report
Month of August Month of August

Materials Quantity Schedule

Transferred Out to Finished Goods 1800 (a) Quantity to be Accounted fo
Work in Process- End 24
Equivalent Units for Materials 1824

Labor (b) Quantity Accounted for

Transferred Out to Finished Goods 1800
Work in Process- End 6
 Equivalent Units for Labor 1806

Overhead Cost Schedule

Transferred Out to Finished Goods 1800 ( c) Cost to be Accounted for
Work in Process- End 24
Equivalent Units for Overhead 1824

d)
(d) Cost Accounted for
Assembly Department JOURNAL ENTRIES
Cost of Production Report
Month of August Work in process-Assembly De

Quantity Schedule
(a) Quantity to be Accounted for UNITS
Started in Process 2000
Total to be accounted for 2000 Work in process-Finishing Dep

(b) Quantity Accounted for

Transferred out to Next Department 1860
Work in Process- End 140
Total accounted for 2000

Cost Schedule
( c) Cost to be Accounted for TC EU UC
Materials 30000 2000 15.00
Labor 29670 1965 15.10
Overhead 18830 1965 9.58
Total cost to be accounted for 78500 39.68

(d) Cost Accounted for

Transferred out to Next Department 73808 1860 39.68
Work in Process- End
Materials 2100 140 15.00
Labor 1585 105 15.10
Overhead 1006 105 9.58
Total Work in Process 4692
Total cost accounted for 78500

Finishing Department JOURNAL ENTRIES

Cost of Production Report
Month of August

Quantity Schedule
(a) Quantity to be Accounted for UNITS
Transferred in From Assembly Department 1860
Total to be accounted for 1860

(b) Quantity Accounted for

Transferred out to Next Department 1800
Work in Process- End 60
 Total accounted for 1860

Cost Schedule
( c) Cost to be Accounted for TC EU UC
Transferred in from Assembly Department 73808 1860 39.68
Cost incurred in this Department
Materials 68000 1824 37.28
Labor 13671 1806 7.57
Overhead 7825 1824 4.29
Total Cost incurred in this Deparment 89496 49.14
Total cost to be accounted for 163304 88.82

(d) Cost Accounted for

Transferred to Finished Goods 159880 1800 88.82
Work in Process-End
Transferred in from Prior Department 2381 60 39.68
Cost incurred in this Department
Materials 895 24 37.28
Labor 45 6 7.57
Overhead 103 24 4.29
Total Work in Process 3424
Total Cost Accounted for 163304
Work in process-Assembly Department 78500
Materials 30000
Factory Payroll 29670
Factory Overhead 18830

Work in process-Finishing Department 73808

Work in process-Assembly Department 73808

JOURNAL ENTRIES

Work in process-Finishing Department 89496

Materials 68000
Factory Payroll 13671
Factory Overhead 7825

Finished Goods 159880

Work in process-Finishing Department 159880
Problem 10-10

Trimming Department
Equivalent Production Computations
Month of June 2014

Materials
Transferred Out to Next Department 5400
Work in Process- End 600
Equivalent Units for Materials 6000

Labor
Transferred Out to Next Department 5400
Work in Process- End 360
Equivalent Units for Labor 5760

Overhead
Transferred Out to Next Department 5400
Work in Process- End 360
Equivalent Units for Overhead 5760

Assembly Department
Equivalent Production Computations
Month of June 2014

Materials
Transferred Out to Next Department 5000
Work in Process- End 380
Equivalent Units for Materials 5380
Labor
Transferred Out to Next Department 5000
Work in Process- End 300
Equivalent Units for Labor 5300

Overhead
Transferred Out to Next Department 5000
Work in Process- End 340
Equivalent Units for Overhead 5340

Finishing Department
Equivalent Production Computations
Month of June 2014

Materials
Transferred out to Finished Goods 4800
Work in Process- End 160
Equivalent Units for Materials 4960

Labor
Transferred out to Finished Goods 4800
Work in Process- End 180
Equivalent Units for Labor 4980
Overhead
Transferred out to Finished Goods 4800
Work in Process- End 160
Equivalent Units for Overhead 4960
Trimming Department JOURNAL ENTRIES
Cost of Production Report
Month of June 2014

Quantity Schedule
(a) Quantity to be Accounted for UNITS
Started in Process 6000
Total to be accounted for 6000

(b) Quantity Accounted for

Transferred out to Next Department 5400
Work in Process- End 600
Total accounted for 6000

Cost Schedule
( c) Cost to be Accounted for TC EU UC
Materials 33600 6000 5.60
Labor 18500 5760 3.21
Overhead 9217 5760 1.60
Total cost to be accounted for 61317 10.41

(d) Cost Accounted for

Transferred out to Next Department 56225 5400 10.41
Work in Process- End
Materials 3360 600 5.60
Labor 1156 360 3.21
Overhead 576 360 1.60
Total Work in Process 5092
Total cost accounted for 61317

Assembly Department
Cost of Production Report
Month of June 2014

Quantity Schedule
(a) Quantity to be Accounted for UNITS
Transferred in From Trimming Department 5400
Total to be accounted for 5400
(b) Quantity Accounted for
Transferred out to Next Department 5000
Work in Process- End 400
Total accounted for 5400

Cost Schedule
( c) Cost to be Accounted for TC EU UC
Transferred in From Trimming Department 56225 5400 10.41
Cost incurred in this Department
Materials 16786 5380 3.12
Labor 14840 5300 2.80
Overhead 7120 5340 1.33
Total Cost incurred in this Deparment 38746 7.25
Total cost to be accounted for 94971 17.67

(d) Cost Accounted for

Transferred to Finishing Department 88327 5000 17.67
Work in Process-End
Transferred in from Prior Department 4165 400 10.41
Cost incurred in this Department
Materials 1186 380 3.12
Labor 840 300 2.80
Overhead 453 340 1.33
Total Work in Process 6644
Total Cost Accounted for 94971

Finishing Department
Cost of Production Report
Month of June 2014

Quantity Schedule
(a) Quantity to be Accounted for UNITS
Transferred in From Assembly Department 5000
Total to be accounted for 5000

(b) Quantity Accounted for

Transferred out to Finished Goods 4800
Work in Process- End 200
Total accounted for 5000
Cost Schedule
( c) Cost to be Accounted for TC EU UC
Transferred in From Assembly Department 88327 5000 17.67
Cost incurred in this Department
Materials 6400 4960 1.29
Labor 10320 4980 2.07
Overhead 4960 4960 1.00
Total Cost incurred in this Deparment 21680 4.36
Total cost to be accounted for 110007 22.03

(d) Cost Accounted for

Transferred to Finished Goods 105734 4800 22.03
Work in Process-End
Transferred in from Prior Department 3533 200 17.67
Cost incurred in this Department
Materials 206 160 1.29
Labor 373 180 2.07
Overhead 160 160 1.00
Total Work in Process 4273
Total Cost Accounted for 110007
JOURNAL ENTRIES

Work in process-Trimming Department 61317

Materials 33600
Factory Payroll 18500
Factory Overhead 9217

Work in process-Assembly Department 56225

Work in process-Trimming Department 56225

JOURNAL ENTRIES

Work in process-Assembly Department 38746

Materials 16786
Factory Payroll 14840
Factory Overhead 7120

Work in process-Finishing Department 88327

 Work in process-Assembly Department 88327

JOURNAL ENTRIES

Finished Goods 21680

Materials 6400
Factory Payroll 10320
Factory Overhead 4960

Finished Goods 105734

Work in Process-Finishing Department 105734