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Ch5 - P.5-2

This document outlines a production costing schedule that tracks inventory, units transferred in and out, costs charged, and equivalent production for a department. It tracks opening inventory, costs from previous departments, costs added in the current period, and closing inventory to account for total costs. Key figures include total costs of $643,000 accounted for, equivalent production of 35,000 units, and a cost per unit of $15.

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Muhammad Taimur
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30 views

Ch5 - P.5-2

This document outlines a production costing schedule that tracks inventory, units transferred in and out, costs charged, and equivalent production for a department. It tracks opening inventory, costs from previous departments, costs added in the current period, and closing inventory to account for total costs. Key figures include total costs of $643,000 accounted for, equivalent production of 35,000 units, and a cost per unit of $15.

Uploaded by

Muhammad Taimur
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Quantity Schedule

Opening Inventory
Units transferred infrom proceeding dep.

Uniits tranferred out


Sitt in process
Lost units

Cost charged to Department

Begning WIP

Cost from previous department

Adjusted cost from previous dep.

Cost added by department


Materials
Direct Labor
FOH
Total cost to be accounted for

Cost Accounted for as follows


From beggning invetory
Inventory cost
Material
Direct Labor
FOH

Cost added during this period


Units started and compeleted this period

Closing WIP
Cost adjusted from previous dep.
Material
Labor
FOH
Total Cost Accouted for

Equivelent Production
Units transferred out
Less: Opening units (2/3 conversion)
Units compeleted during the period
Add: Opening WIP this period
Add: Closing WIP this period
10000
40000
50000

35000
10000
5000
50000

Units Total cost Cost/Unit


140500

40000 140000 3.5

35000 140000 4

35000 70000 2.000


32500 162500 5
32500 130000 4
643000 15.000

140500
0
12500
10000
163000

25000 375000.000
375000.000

10000 40000
10000 20000.000
10000 25000
10000 20000
105000.000
643000

Material Labor FOH


35000 35000 35000
10000 10000 10000
25000 25000 25000
0 2500 2500
10000 5000 5000
35000 32500 32500

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