PROCESS COSTING – Weighted Average Method (WAM)

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NAME: _______________________________________ SECTION: ___________________ DATE: _________________

Joana Corp has a process cost system. All materials are added at the start of the process in Department One.
The following information is available for the month of January.
Units
Work in process, 1/1 2,000
(3/8 complete as to conversion cost)
Started in August 8,000
Transferred to Department Two during August ?
Work in process, 1/31
(3/5 complete as to conversion cost) 1,500

1. EUP for CC is _________________

2. EUP for DM is _________________

Mik Co. has a process cost system. All materials are added at the start of the process in Department One.
The following information is available for the month of June.

Units
Work in process, 6/1 3,000
(60% complete as to conversion cost)
Started in August 9,000
Transferred to Department Two during August ?
Work in process, 6/30
(40% complete as to conversion cost) 2,000

3. EUP for CC is _________________

4. EUP for DM is _________________

Department II of Tanya-Dimer Manufacturing Company presents the following production data for the
month of January: (All costs are added uniformly throughout the process)
Units
Opening inventory (3/8 completed) ?
Started in process 16,000
Transferred out 13,000
Closing inventory
3/4 completed 4,000

5. EUP for DM is _________________

6. EUP for CC is _________________
7. EUP for T-in is _________________

Papasa Co. operates two departments. In Department 2, materials are applied upon 40% completion of the
process. Below are the information gathered from the production department for the month ended August 31. 2017.
Units Cost
WIP, 8/1/17, 50% complete 12,000
Direct Materials P 67,500
Conversion Cost 44,400
From preceding department 51,600
Added this period 78,000
Direct Materials P 157,500
Conversion Cost 154,350
From preceding department 218,400
WIP, 8/31/17, 30% complete 15,000

8. the EUP for DM is _______________________

9. the EUP for CC is _______________________
10. the EUP for T-in is _______________________
11. the cost assigned to WIP, end is _______________________
12. the unit cost of completed units is _______________________
 On June 1, 2017, Salvacion Company had 15,000 units of WIP in Department B, the second and last stage of
their production cycle. The costs attached to these 15,000 units were P61,250 of costs transferred-in from Department
A, P44,000 of material cost added in Department B and P19,620 of conversion cost added in Department B. Materials
are added when the process is 50% complete in Department B. Conversion costs was 35% complete on August1.
During August, 35,000 units were transferred-in from Department A at a cost of P148,750; and material costs of
P126,000 and conversion costs of P80,700 were added in Department B. On August 31, Department B had 8,000 units
of WIP that were 45% complete as to conversion costs. The completed units were sold with a markup of 60% on cost.

13. the EUP for DM is _______________________

14. the EUP for CC is _______________________
15. the EUP for T-in is _______________________
16. What is the total cost per EUP _______________________
17. The total cost of ending WIP _______________________
18. The unit selling price is _______________________

Aasa Co manufactures only one product that would undergo process in two departments. Below are
important details available for the two departments:

Department 1 Department 2
WIP, beg 30% complete 70% complete
WIP, end 50% complete 30% complete
Stage when materials are added beginning when 60% complete

Department 1 Department 2
Units Cost Units Cost
WIP, beg 20,000 25,000
Direct Materials P 30,000 P 63,500
Conversion Cost 36,500 34,696
Trasferred in 122,250

Added this period 80,000 ?

Direct Materials P 180,000 P 167,500
Conversion Cost 259,500 140,624
Trasferred in - ?

WIP, end 15,000 18,000

Completed & transferred 85,000 ?

Department 1:
19. EUP for DM? ____________________
20. EUP for CC? ____________________
21. What is the unit cost of finished and transferred units? ____________________
22. Cost assigned to WIP End ____________________

Department 2:
23. EUP for DM ____________________
24. EUP for CC ____________________
25. EUP for T-in ____________________
26. What is the total cost assigned to WIP End? ____________________
27. What is the unit selling price if sold with 40% markup on cost? ____________________
 PROCESS COSTING – First-In-First-Out (FIFO)
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NAME: _______________________________________ SECTION: ___________________ DATE: _________________

Joana Corp has a process cost system. All materials are added at the start of the process in Department One.
The following information is available for the month of January.
Units
Work in process, 1/1 2,000
(3/8 complete as to conversion cost)
Started in August 8,000
Transferred to Department Two during August ?
Work in process, 1/31
(3/5 complete as to conversion cost) 1,500

1. EUP for CC is _________________

2. EUP for DM is _________________

Mik Co. has a process cost system. All materials are added at the start of the process in Department One.
The following information is available for the month of June.

Units
Work in process, 6/1 3,000
(60% complete as to conversion cost)
Started in August 9,000
Transferred to Department Two during August ?
Work in process, 6/30
(40% complete as to conversion cost) 2,000

3. EUP for CC is _________________

4. EUP for DM is _________________

Department II of Tanya-Dimer Manufacturing Company presents the following production data for the
month of January: (All costs are added uniformly throughout the process)
Units
Opening inventory (3/8 completed) ?
Started in process 16,000
Transferred out 13,000
Closing inventory
3/4 completed 4,000

5. EUP for DM is _________________

6. EUP for CC is _________________
7. EUP for T-in is _________________

Papasa Co. operates two departments. In Department 2, materials are applied upon 40% completion of the
process. Below are the information gathered from the production department for the month ended August 31. 2017.
Units Cost
WIP, 8/1/17, 50% complete 12,000
Direct Materials P 67,500
Conversion Cost 44,400
From preceding department 51,600
Added this period 78,000
Direct Materials P 157,500
Conversion Cost 154,350
From preceding department 218,400
WIP, 8/31/17, 30% complete 15,000

8. the EUP for DM is _______________________

9. the EUP for CC is _______________________
10. the EUP for T-in is _______________________
11. the cost assigned to WIP, end is _______________________
12. the unit cost of completed units is _______________________
 On June 1, 2017, Salvacion Company had 15,000 units of WIP in Department B, the second and last stage of
their production cycle. The costs attached to these 15,000 units were P61,250 of costs transferred-in from Department
A, P44,000 of material cost added in Department B and P19,620 of conversion cost added in Department B. Materials
are added when the process is 50% complete in Department B. Conversion costs was 35% complete on August1.
During August, 35,000 units were transferred-in from Department A at a cost of P148,750; and material costs of
P126,000 and conversion costs of P80,700 were added in Department B. On August 31, Department B had 8,000 units
of WIP that were 45% complete as to conversion costs. The completed units were sold with a markup of 60% on cost.

13. the EUP for DM is _______________________

14. the EUP for CC is _______________________
15. the EUP for T-in is _______________________
16. What is the total cost per EUP _______________________
17. The total cost of ending WIP _______________________
18. The unit selling price is _______________________

Aasa Co manufactures only one product that would undergo process in two departments. Below are
important details available for the two departments:

Department 1 Department 2
WIP, beg 30% complete 70% complete
WIP, end 50% complete 30% complete
Stage when materials are added beginning when 60% complete

Department 1 Department 2
Units Cost Units Cost
WIP, beg 20,000 25,000
Direct Materials P 30,000 P 63,500
Conversion Cost 36,500 34,696
Trasferred in 122,250

Added this period 80,000 ?

Direct Materials P 180,000 P 167,500
Conversion Cost 259,500 140,624
Trasferred in - ?

WIP, end 15,000 18,000

Completed & transferred 85,000 ?

Department 1:
19. EUP for DM? ____________________
20. EUP for CC? ____________________
21. What is the unit cost of finished and transferred units? ____________________
22. Cost assigned to WIP End ____________________

Department 2:
23. EUP for DM ____________________
24. EUP for CC ____________________
25. EUP for T-in ____________________
26. What is the total cost assigned to WIP End? ____________________
27. What is the unit selling price if sold with 40% markup on cost? ____________________