AVERAGE COST METHOD - STAR PAPER COMPANY

WORK IN PROCESS - CUTTING DEPARTMENT

Date

Explanation

2013
Jan. 31
31
31
31
Feb. 28
28
28

Materials
Labor
Overhead
Transferred to Assembly Department
Materials
Labor
Overhead

Debit

77,280
95,616
156,632
69,944
82,416
133,886

ER COMPANY

PARTMENT
Credit

264,480

Balance

77,280
172,896
329,528
65,048
134,992
217,408
351,294

CUTTING DEPARTMENT

Cutting Department
Monthly Production Report
Month of February 2013
Quantity
Work in Process - Beginning
Started In Process
Transferred Out to Next Department
Work in Process - Ending
Stage of Completion of Work in Process
Materials
Labor
Overhead

Beginning
100%
40%
55%

Cutting Department
Equivalent Production Computations
Month of February 2013
Materials
Transferred Out to Next Department
Work in Process - Ending
Equivalents Units for Materials
Labor
Transferred Out to Next Department
Work in Process - Ending
Equivalent Units for Labor
Overhead
Transferred Out to Next Department
Work in Process - Ending
Equivalent Units for Overhead

CUTTING DEPARTMENT
Cost of Production Report
Month of February 2013
QUANTITY SCHEDULE
(a) Quanity to be Accounted For:

Units

Work in Process - Beginning

Started in Process - Current Month
Total to be Accounted For

3,760
11,160
14,920

(b) Quantity Accounted For

Transferred Out to Next Department
Work in Process - Ending
Total Accounted For

COST SCHEDULE
(c) Cost to be Accounted For:
Cost Incurred in this Department
Materials: Beginning Work in Process
Added this Month
Total Materials
Labor:

Beginning Work in Process

Added this Month
Total Materials

Overhead:Beginning Work in Process

Added this Month
Total Materials
Total Costs to be Accounted For
(d) Cost Accounted For
Transferred Out to Next Department
Work in Process - Ending
Cost Incurred in this Department
Material
Labor
Overhead
Total Work in Process
Total Costs Accounted For

9,600
5,320
14,920

Totals Cost Equivalent Units

22,560
69,944
92,504

14,920

13,536
82,416
95,952

11,994

28,952
133,886
162,838

12,526

261,120

9,600

32,984
19,152
38,038
90,174
351,294

5,320
2,394
2,926

3,760
11,160
9,600
5,320
Ending
100%
45%
55%

9,600
5,320
14,920

9,600
2,394
11,994
9,600
2,926
12,526

Units Costs

6.20

8.00

13.00
27.20

27.20

6.20
8.00
13.00

ASSEMBLY DEPARTMENT
Cost Data
Cost Last Month
Cost Transferred in from Prior Department
Cost Transferred in this Department
Materials
Labor
Overhead
Total Costs Last Month

Cost incurred during the current month

Cost Transferred in from Prior Department
Cost Transferred in this Department
Materials
Labor
Overhead
Total Costs Last Month

Assembly Department
Monthly Production Report
Month of February 2013
Quanitity
Work in Process - Beginning
Transferred In - Current Month
Transferred out to Next Department
Work in Process - Ending
Stage of Completion of Work in Process
Transferred in Cost
Materials
Labor
Overhead

Assembly Department
Equivalent Production Computation

Beginning
100%
60%
60%
60%

Month of February 2013

Transferred in Cost from Prior Department
Transferred Out to Next Department
Work in Process - Ending
Equivalent Units for Trnsferred in Costs
Materials
Transferred Out to Next Department
Work in Process
Equivalent unit for Materials
Labor
Transferred out to Next Department
Work in Process
Equivalent units for Labor
Overhead
Transferred Out to next Department
Work in Process
Equivalent units for Overhead

ASSEMBLY DEPARTMENT
Cost of Production Report
Month of February 2013
QUANTITY SCHEDULE
(a) Quantity to be Accounted For:
Work in Process - Beginning
Transferred In - Current Month
Total to be Accounted For
(b) Quantity Accounted For:
Transferred Out to Next Department
Work in Process - Ending
Total Accounted For

COST SCHEDULE
(c) Cost to be Accounted For:
Costs Transferred In From Prior Department
Work in Process Beginning

Total Cost

28,130

Transferred In Current Month

Total Transferred in Costs
Costs Incurred in this Department
Materials: Beginning WIP
Added this Month
Total Materials
Labor:

Beginning WIP
Added this Month
Total Labor

Overhead: Beginning WIP

Add this Month
Total Overhead
Total Costs in this Department
Cost Accounted For
(d) Cost Accounted For:
Transferred Out to next Department
Work in Process - Ending
Costs from Prior Department
Costs Incurred in this Department
Materials
Labor
Overhead
Total Work in Process
Total Costs Accounted For

261,120
289,250

1,455
23,128
24,583
5,529
70,638
76,167
4,656
74,735
79,391
180,141
469,391

428,472
30,102
1,476
4,574
4,767
40,919
469,391

EPARTMENT

28,130
1,455
5,529
4,656
39,770

261,120
23,128
70,638
74,735
429,621

970
9,600
9,470
1,100
Ending
100%
55%
55%
55%

9,470
1,100
10,570

9,470
605
10,075

9,470
605
10,075
9,470
605
10,075

970
9,600
10,570

9,470
1,100
10,570

Equivalent Units Unit Costs

10,570

27.37

10,075

2.44

10,075

7.56

10,075

7.88
17.88
45.25

9,470

45.25

1,100

27.37

605
605
605

2.44
7.56
7.88

CUTTING DEPARTMENT
Costs Incurred
Materials
Labor
Overhead

77,280
95,616
156,632

Cutting Department
Monthly Production Report
Month of January 2013
Quantity
Started in Process - Current Month
Transferred Out to Next Department
Work in Process - Ending
Stage of Completion of Ending Work in Process
Materials
Labor
Overhead

12,880
9,120
3,760

100%
40%
55%

Cutting Department
Equivalent Production Computations
Month of January 2013
Materials
Transferred Out to Next Department
Work in Process - End
Equivalent Units for Materials

9,120
3,760
12,880

Transferred Out to Next Department

Work in Process - End
Equivalent Units for Materials

9,120
1,504
10,624

Transferred Out to Next Department

Work in Process - End
Equivalent Units for Materials

9,120
2,068
11,188

Labor

Overhead

Cutting Department
Cost of Production Report
Month of January 2013
Quantity Schedule
(a) Quantity To be Accounted For:
Started in Process
Total Accounted for
(b) Quantity Accounted For:
Transferred Out to Next Department
Work in Process - End
Total accounted for

Cost Schedule

Units
12,880
12,880

9,120
3,760
12,880

Total Cost

(c) Cost to be Accounted For:

Materials
Labor
Overhead
Total costs to be accounted for
(d) Cost Accounted For:
Transferred Out
Work in Process - End
Materials
Labor
Overhead
Total Work in Process
Total cost accounted for

77,280
95,616
156,632
329,528

264,480
22,560
13,536
28,952
65,048
329,528

PARTMENT

Equivalent Units Unit Costs

12,880
10,624
11,188

6.00
9.00
14.00
29.00

9,120

29.00

3,760
1,504
2,068

6.00
9.00
14.00

ASSEMBLY DEPARTMENT
Cost Added in Current Month
Materials
Labor
Overhead

21,830
82,954
69,856

Assembly Department
Monthly Production Report
Month of January 2013
Quantity
Transferred In from Prior Department
Transferred Out
Work in Process - End
Stage of Completion of Ending Work in Process
Transferred in Cost
Materials
Labor
Overhead

9,120
8,150
970

100%
60%
60%
60%

Assembly Department
Equivalent Production Computations
Month of January 2013
Materials
Transferred Out to Next Department
Work in Process - End
Equivalent Units for Materials

8,150
582
8,732

Transferred Out to Next Department

Work in Process - End
Equivalent Units for Labor

8,150
582
8,732

Transferred Out to Next Department

Work in Process - End
Equivalent Units for Overhead

8,150
582
8,732

Labor

Overhead

ASSEMBLY DEPARTMENT
Cost of Production Report
Month of January 2013
Quantity Schedule
(a) Quantity to be Accounted For:
Transferred in from Prior Department
Total to be Accounted For
(b) Quantity Accounted For:
Transferred Out to Next Department
Work in Process - End
Total Accounted For

Cost Schedule
(c) Cost to be Accounted For:
Costs Transferred In
Costs Incurred in this Dept.
Materials
Labor
Overhead
Total Work in Process

Units
9,120
9,120

8,150
970
9,120

Total Cost
264,480
21,830
82,954
69,856

Total Costs Acoounted For

(d) Cost Accounted For:
Transferred Out
Work in Process - End
Costs Transferred In
Costs Incurred in this Dept.
Materials
Labor
Overhead
Total Work in Process
Total Costs Accounted For

399,350
28,130
1,455
5,529
4,656
39,770
439,120

PARTMENT

Equivalent Units Unit Costs

9,120

29.00

8,732
8,732
8,732

2.50
9.50
8.00
20.00
49.00

8,150

49.00

970

29.00

582
582
582

2.50
9.50
8.00

PACKAGING DEPARTMENT
Cost Added in Current Month
Materials
Labor
Overhead

2,172
24,492
14,596

Packaging Department
Monthly Production Report
Month of January 2013
Quantity
Transferred in from Prior Department
Transferred out to Finished Goods
Work in Process - End
Stage of Completion of Ending Work in Process
Transferred Out
Materials
Labor
Overhead

8,150
5,430
2,720

100%
0%
20%
15%

Packaging Department
Equivalent Production Computation
Month of January 2013
Materials
Transferred out to Finished Goods
Work in Process - End
Equivalent Units for Materials

5,430
0
5,430

Transferred out to Finished Goods

Work in Process - End
Equivalent Units for Labor

5,430
544
5,974

Transferred out to Finished Goods

Work in Process - End
Equivalent Units for Overhead

5,430
408
5,838

Labor

Overhead

PACKAGING DEPARTMENT

Cost of Production Report

Month of January 2013
Quantity Schedule
(a) Quantity to be Accounted For:
Transferred In
Total to be Accounted For
(b) Quantity Accounted For:
Transferred out to Finished Goods
Work in Process - End
Total Accounted For
Cost Schedule
(c) Cost to be Accounted For:
Costs Transferred In
Costs incurred in this Department
Material
Labor
Overhead
Total costs in this Department

Units
8,150
8,150

5,430
2,720
8,150
Total Cost
399,350
2,172
24,492
14,596

Total Costs to be Accounted For

(d) Cost Accounted For:
Transferred out to Finished Goods
Work in Process - End
Costs Transferred In
Costs incurred in this Department
Material
Labor
Overhead
Total Work in Process
Total Costs Accounted For

304,080
133,280
0
2,230
1,020
136,530
440,610

EPARTMENT

Equivalent Units Unit Costs

8,150

49.00

5,430
5,974
5,838

0.40
4.10
2.50
7.00
56.00

5,430

56.00

2,720

49.00

0
544
408

0.40
4.10
2.50

BALANCES OF WORK IN PROCESS ON JANUARY 31,2011

Materials
Labor
Overhead

Cutting
Assembly Packaging
77,280
21,830
2,172
95,616
82,954
24,492
156,632
69,856
14,596

Total costs incurred

Transferred In
Transferred Out

329,528
264,480

174,640
264,480
399,350

41,260
399,350
304,080

Balance January 31

65,048

39,770

136,530

011