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Process Costing Eg

1. The document shows weighted average cost calculations for equivalent units, total production costs, cost per equivalent unit, and costs assigned to completed and incompleted units for two periods. 2. Total equivalent units were 400,000 for the first period and 325,000 for the second, with costs of $706,150 and $1,276,000 respectively. 3. Cost per equivalent unit was $1.77 for the first and $4 for the second. Costs were assigned to completed and incompleted units based on these rates.

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33 views8 pages

Process Costing Eg

1. The document shows weighted average cost calculations for equivalent units, total production costs, cost per equivalent unit, and costs assigned to completed and incompleted units for two periods. 2. Total equivalent units were 400,000 for the first period and 325,000 for the second, with costs of $706,150 and $1,276,000 respectively. 3. Cost per equivalent unit was $1.77 for the first and $4 for the second. Costs were assigned to completed and incompleted units based on these rates.

Uploaded by

Huu Luat
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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Weighted average costs

Physical Direct materials Conversion costs


Unit % EU % EU
1. Equivalent units
- Completed units and tranfered out 390,000 100% 390,000 100% 390000
-incompleted units 10,000 100% 10,000 50% 5000
Total 400,000 400,000 395000
2. Total production costs
-WIP (1/4) 54,600 4,670
-Incurred during April 505,400 141,480
Total 706,150 560,000 146,150
3. Cost per EU 1.77 1.400 0.37
Costs / EU

4. Costs assigned to:


- Completed units and tranfered out 690300.000 546,000 ###
-incompleted units 15,850 14,000 1,850.00000
TOTAL 706,150 560,000 ###

`
Physical Direct materials Conversion costs
Unit % EU %
1. Equivalent units
- Completed units and tranfered out 295.00 295.00
-incompleted units 30.00 24.00
Total 325.00000 319.00000
2. Total production costs
-WIP (1/4) 44.80
-Incurred during April 1,231.20
Total 1,276.00000
3. Cost per EU 4.00000000
Costs / EU

4. Costs assigned to:


- Completed units and tranfered out 1,180.00000
-incompleted units 96.00000
TOTAL ### 1,276.00000000
Conversion costs Physical Direct materials
EU Unit %
1. Equivalent units
295.00 - Completed units and tranfered out
9.00 -incompleted units
304.00000 Total
2. Total production costs
15.30 -WIP (1/4)
896.70 -Incurred during April
912.00000 Total
3.00000000 3. Cost per EU
Costs / EU

4. Costs assigned to:


885.00000 ### - Completed units and tranfered out
27.00000 -incompleted units
912.00000000 TOTAL
Direct materials Conversion costs
EU % EU
FIFO
Physical Direct materials Conversion costs
Unit % EU %
1. Equivalent units
-WIP (1/4) 20,000 0% 0 90%
- units STARTED and tranfered out 370,000 100% 370,000 100%
-incompleted units 10,000 100% 10,000 50%
Total 400,000 380,000
2. Total production costs

-Incurred during April 505,400


Total 646,880 505,400
3. Cost per EU 1.69 1.33
Costs / EU

4. Costs assigned to:


-Wip (1/4) 6480 0
- units started and tranfered out 625,300 492,100
-incompleted units 15,100 13,300
TOTAL 646,880 505,400

Costs
Beginning inccured
Total production costs assigned to: Physical units balance during April Total costs
-Wip (1/4) 20,000 59,270 6,480 65,750
- units started and tranfered out 370,000 - 625,300 625,300
-incompleted units 10,000 - 15,100 15,100
Total 400,000 646,880 706,150
Conversion costs Physical Direct materials
EU Unit % EU
1. Equivalent units
18,000 -WIP (1/4)
370000 - units STARTED and tranfered out
5000 -incompleted units
393,000 Total
2. Total production costs

141,480 -Incurred during April


141,480 Total
0.36 3. Cost per EU
Costs / EU

4. Costs assigned to:


6480 -Wip (1/4)
133,200 - units started and tranfered out
1,800 -incompleted units
141,480 TOTAL

Cost per unit


3.2875
1.69
Conversion costs
% EU
a
WIP 4
34

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