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Leslie Company Manufacturing Department Cost of Production Report For January Materials Conversion Cost

The document is the cost of production report for Leslie Company's manufacturing department in January. It shows beginning and ending inventory quantities and costs for materials and conversion. It also shows the total costs charged to the department, including beginning inventory and costs added during the period for materials and conversion. Finally, it accounts for the total costs by showing costs transferred to finished goods and costs for work in process ending inventory.

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maica G.
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179 views8 pages

Leslie Company Manufacturing Department Cost of Production Report For January Materials Conversion Cost

The document is the cost of production report for Leslie Company's manufacturing department in January. It shows beginning and ending inventory quantities and costs for materials and conversion. It also shows the total costs charged to the department, including beginning inventory and costs added during the period for materials and conversion. Finally, it accounts for the total costs by showing costs transferred to finished goods and costs for work in process ending inventory.

Uploaded by

maica G.
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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Leslie Company

Manufacturing Department
Cost of Production Report
For January

Quantity Schedule Materials Conversion Cost


Beginning inventory 100% 25%
Received from -

Completed and transferred 100% 100%


Ending inventory 100% 50%

Cost charged to Department Total Cost *Equivalent units


Beginning Inventory
Total cost in beginning inventory 36,000
Coat added during the period
Materials 42,000 20,000
Conversion cost 68,000 23,000
Total cost added during the period 110,000
Total cost charged to the department 146,000

Cost Accounted for as Follows Units % Complete Units cost


Transferred to FG:
Beginning inventory
Conversion cost 6,000 75% 2.96
Started and completed 17,000 100% 5.06
Total cost transferred to FG

Work in process, ending inventory


Materials 3,000 100% 2.1
Conversion cost 3,000 50% 2.96
Total cost accounted for
Quantity
6,000
14,000
20,000

17,000
3,000
20,000

*Equivalent units *Units Cost

20,000 2.1
23,000 2.96

5.06

Total Cost

36,000
13,320
85,020 134,340

6,300
4,440 10,740
145,080
*EQUIVALENT UNITS OF PRODUCTION
Materials
To complete beginning inventory
Started and completed this period 17,000
Ending inventory 3,000
Total equivalent units 14,000

UNIT COST DETERMINATION:


Materials
Cost added during the period 42,000
(Total cost to account for)
Divide by EUP 14,000
Equivalent Unit cost 3
Conversion Cost
-
17,000
-
17,000

Conversion Cost Total


68,000

17,000
4 7
COMPANY NAME
Department
Cost of Production Report
For month

Quantity Schedule Materials Labor


Beginning inventory
Received from -

Completed and transferred


Ending inventory % %

Cost charged to Department Total Cost


Beginning Inventory
Cost from preceeding dept.
Materials
Labor
Overhead
Total cost in beginning inventory
Coat added during the period
Cost from preceeding dept.
Materials
Labor
Overhead
Total cost added during the period
Total cost charged to the department

Cost Accounted for as Follows: Units % Complete


Transffered to ( ) xx xx

Work in process, ending inventory


Cost from preceeding dept. xx xx
Materials xx xx
Labors xx xx
Factory Overhead
Total cost accounted for
E

port

Overhead Quantity
xx
xx
xx

xx
% xx

Equivalent units* Units Cost

xx
xx
xx
xx

Units cost Total Cost


xx xx

xx x
xx x
xx x xx
*EQUIVALENT UNITS OF PRODUCTION
Prior Department
Materials
cost
Started and completed this period
Ending inventory
Total equivalent units

UNIT COST DETERMINATION:


Prior Department
Materials
cost
Work in Process - beginning
Cost added during the period
Total cost to account for

Divide by EUP
Equivalent Unit cost
Labor Overhead

Labor Overhead Total

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