Beruflich Dokumente
Kultur Dokumente
Units Units
5) Material Conversion
Units Units
E-1
Average costing
Dep#1
= 2160 + 300
= 2460 units
=2160 + 180
= 2340 units
Dep#2
= 2240 units
=2192 units
Note:
(avg)
E-1
Fifo Costing
Dep#1
= 2260 units
=2290 units.
Dep#2
= 2160 units
= 2144 units
Note:
E-P = units transferred -- units in beginning WIP + (units beg wip × 1-- s.o.c) +
(units in end WIP × S.O.C)
E-2
Average costing
(a)
= 14400 units
Labour and
=13200 units
(b)
Material = 7500 + 700 + (1000×100/100)
=9200 units
= 8600 units
Note:
(c)
= 22500 units
= 21250 units
E-2
Fifo Costing
(a)
=12200 units
= 11,000 units
(b)
=9200 units
Lab & FOH = 7500 -- (0) + 700 + (1000+4/10)
=8600 units
Note:
(c)
= 21500 units
= 20,850 units
E-3
Average Costing
(a)
= 14275 units
= 15050 units
Note:
(c)
Note:
17000
E-3
(C)
Conversion
= 13225 units
E-3
Fifo Costing
(a)
= 18000 units
Conversion
=15000 units
E-3
(b)
= 11525 units
= 13675 units
(c)
= 12100 units
E-4
Quantity Schedule
Dep#A
58000
Dep#B
101,000
E-4
Equivalent Production
Dep#A
= 475000 units
= 43500 units
Dep#B
= 89000 units
=88400 units
E-5
Equivalent Production
(1)
Units cost
Conversion = 18400/38200
= $ 0.48
(2)
20400/40000
= 0.51 /- units
3000 × 0.51
= $ 1530
E-6
(1)
Monk Co.
Cost of production report (Avg)
For the month of Jan:
Quantity Schedule
160,000
TC UC
$ $
165,000 1.269
Conversion cost
165000
Additional calculation
Equivalent production
= 130,000 units
Unit cost
= $ 1.269 /- units
E-6
(2)
Monk co.
Cutting department
Quantity schedule:
160,000
$ $
165000 1.3
126,000
Conversion cost
165000
Additional calculation
Equivalent production
Conversion cost
= 110,000 units
Unit cost
Conversion cost
=143000/110,000
= $ 1.3 / units
E-7
Escot Corporation
Coast of production report
(Average method)
Assembling department
Quantity schedule
12,000
$ $
(12000) 192000 16
Material 20,000
Labour 1,200
FOH 5,500
Cost added during period
Material 96000 10
Labor 36000 4
374700 32.5
(8000×32.5)
(4000×16) 64000
374700
Additional calculation
Equivalent Units
E-8
Greek Corp.
Cost of production report
For the month of November
Quantity schedule
20000
TC UC
$ $
Material 22800 _
Labour 24650 _
FOH 21860 _
Labour 103350 8
378500 22.72
(15000×22.72) 340800
378500
Additional calculation
Equivalent production
= 18000 units
= 16000 units
Unit cost
= $ 8 /- units
= $ 7.2 /- units
E-9
Carmel Corp.
Cost of production report
(Average method)
Department # 2
Quantity schedule
9200
$ $
9200 101200 11
(101200/8800) 11.5
167600 19.5
(7800×19.5) 152100
W-I-P ending
(1000×11.5) 11500
Conversion cost
(1000×1/2×8) 4000
167600
Additional calculation
Equivalent production
Conversion = 7800 + (1000×1/2)
= 8300 units
Unit cost
= $ 8 /- units
E-10
Working
Quantity scheduled
6500
= 4000 units
= 66000/4000
= $ 16.50 /- units
(3)
Working
(1) No of units sold
Finished goods beg units 1200
+ Units completed 5500
6700
_ Finished goods end units 1400
No of units sold 5300
(2) Cost transferred to finished goods:
From beginning Inv.
$
Inventory cost 32000
+ Cost added
(2500×20/100×16.50) 8250
40250
= 40250/2500
= $ 16.10
$ Units
85850 5300
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