Working:

Equivalent Production Units:

Material
Conversion
4,000
2,500
134,000
134,000
4,800
4,200
142,800
140,700

1 Units in process (at start) - Work this period

2 Units completed from current production
3 Units in process (at end) - Work this period
Equivalent Production units
COST OF PRODUCTION REPORT:
1 QUANTITY SCHEDULE:
Units in process (at start)
Units received from previous dept
TOTAL
Units completed and transferred out
Units in process (at end)
TOTAL

10,000 (60% Material and 75% Conversion)

140,000
150,000
144,000
6,000 (80% Material and 70% Conversion)
150,000

2 Cost Charged to the department:

Cost
a. Cost of WIP (at start)
b. Cost incurred in previous dept
c. Cost added by the dept 3:
Direct material
Direct labor
FOH

Units
98,000

770,000

Rate
-

140,000

5.50

EPU
571,200
142,800
1,125,600
140,700
914,550
140,700
3,479,350

4.00
8.00
6.50
24.00

3. Cost Accounted for

1 COST OF FINISHED GOODS
Total Finished goods =

144,000

a. 10,000 - Finished goods - WIP at start:

Cost incured till start (60% Material and 75% Conversion)
Add: Further cost incurred to complete 100%:
Direct material
(10,000 units x 40% x Rs 4.00)

Direct labor
Factory overhead

(10,000 units x 25% x Rs 8.00)

(10,000 units x 25% x Rs 6.50)

Total cost incurred on 10,000 units

b. 134,000 - Finished goods - Current
(134,000 units x 100% x Rs 24.00)
Total Cost of Finished Goods
2 COST OF WORK IN PROCESS (AT END)
Total Work in process - at end
Inventory cost
Direct material
Direct labor
Fatory overhead

Previous dept
Direct material
Direct labor
FOH

6,000

(6,000 units x Rs 5.50)

33,000
(6,000 units x 80% x Rs 4.0)
19,200
(6,000 units x 70% x Rs 8.0)
33,600
(6,000 units x 70% x Rs 6.50)
27,300
Total Cost of Work in process -at end

(132,000 units x Rs 8.50)

(132,000 x 100% X Rs 5)
(132,000 x 100% X Rs 4.5)
(132,000 x 100% X Rs 8.5)

1,122,000
660,000
594,000
1,122,000

3,498,000

75% Conversion)

70% Conversion)

98,000
16,000

20,000
16,250
52,250
150,250
3,216,000
3,366,250

113,100
3,479,350

Working:

Equivalent Production Units:

Material
Conversion
200
1,600
43,000
43,000
3,000
2,100
46,200
46,700

1 Units in process (at start) - Work this period

2 Units completed from current production
3 Units in process (at end) - Work this period
Equivalent Production units
COST OF PRODUCTION REPORT:
1 QUANTITY SCHEDULE:
Units in process (at start)
Units received from previous dept
TOTAL

2,000 (90% Material and 20% Conversion)

46,000
48,000

Units completed and transferred out

Units in process (at end)
TOTAL

45,000
3,000 (100% Material and 70% Conversion)
48,000

2 Cost Charged to the department:

a. Cost of WIP (at start)
b. Cost incurred in previous dept
c. Cost added by the dept 2:
Direct material
Direct labor
FOH

Cost
Units
112,000
552,000

Rate
-

46,000

12.00

46,200
46,700
46,700

5.25
2.50
4.00
23.75

EPU
242,550
116,750
186,800
1,210,100

3. Cost Accounted for

1 COST OF FINISHED GOODS
Total Finished goods =

45,000

a. 2,000 - Finished goods - WIP at start:

Cost incured till start (90% Material and 20% Conversion)
Add: Further cost incurred to complete 100%:
Direct material
(2,000 units x 10% x Rs 5.25)
Direct labor
(2,000 units x 80% x Rs 2.5)
Factory overhead
(2,000 units x 80% x Rs 4.0)
Total cost incurred on 2,000 units
b. 43,000 - Finished goods - Current
(43,000 units x 100% x Rs 23.75)

Total Cost of Finished Goods

2 COST OF WORK IN PROCESS (AT END)

Total Work in process - at end
Inventory cost
Direct material
Direct labor
Fatory overhead

Previous dept
Direct material
Direct labor
FOH

3,000

(3,000 units x 12)

36,000
(3,000 units x 100% x Rs 5.25)
15,750
(3,000 units x 70% x Rs 2.5)
5,250
(3,000 units x 70% x Rs 4.0)
8,400
Total Cost of Work in process -at end

(132,000 units x Rs 8.50)

(132,000 x 100% X Rs 5)
(132,000 x 100% X Rs 4.5)
(132,000 x 100% X Rs 8.5)

1,122,000
660,000
594,000
1,122,000

3,498,000

20% Conversion)

d 70% Conversion)

112,000
1,050
4,000
6,400
11,450
123,450
1,021,250

1,144,700

65,400
1,210,100

Working:

Equivalent Production Units:

Material
Conversion
1,800
144,000
144,000
10,000
8,000
154,000
153,800

1 Units in process (at start) - Work this period

2 Units completed from current production
3 Units in process (at end) - Work this period
Equivalent Production units
COST OF PRODUCTION REPORT:
1 QUANTITY SCHEDULE:
Units in process (at start)
Units received from previous dept
TOTAL
Units completed and transferred out
Units in process (at end)
TOTAL

6,000 (100% Material, 70% Conversion)

154,000
160,000
150,000
10,000 (100% Material, 80% Conversion)
160,000

2 Cost Charged to the department:

Cost
a. Cost of WIP (at start)

Units
88,000

Rate
-

b. Cost incurred in previous dept

1,848,000

154,000

12.00

c. Cost added by the dept 2:

Direct material
Direct labor
FOH

EPU
924,000
154,000
1,230,400
153,800
1,845,600
153,800
5,936,000

6.00
8.00
12.00
38.00

3. Cost Accounted for as follows

1 COST OF FINISHED GOODS
Total units in Finished Goods
142,000
a) 10,000 units - From Units in process - at start:
Cost incurred till start - 40% Material and 70% conversion
Add: Further cost incurred to complete 100%:
Direct material
(10,000 units x 60% x Rs 5.00)
Direct labor
(10,000 units x 30% x Rs 4.50)
Factory overrhead (10,000 units x 30% x Rs 8.50)
Total cost incurred on 10,000 units

30,000
13,500
25,500

b) 132,000 units - From Current production

(132,000 units x 100% x Rs 26.50)
Total cost of Finished goods
2 COST OF WORK IN PROCESS (AT END)
Total units in process - at end
8,000
1. Previous dept
(8,000 units x Rs 8.50)
b. Direct material (8,000 units x 90% x Rs 5)
c. Direct Labor
(8,000 units x 40% x Rs 4.5)
d. FOH
(8,000 units x 40% x Rs 8.5)
Cost of work in process - at end

68,000
36,000
14,400
27,200

Previous dept
Direct material
Direct labor
FOH

(132,000 units x Rs 8.50)

(132,000 x 100% X Rs 5)
(132,000 x 100% X Rs 4.5)
(132,000 x 100% X Rs 8.5)

1,122,000
660,000
594,000
1,122,000

3,498,000

0% Conversion)

0% Conversion)

96,000

69,000
165,000

3,498,000
3,663,000

145,600
3,808,600

Working:

Equivalent Production Units:

Material
Conversion
2,000
169,000
169,000
26,000
19,500
195,000
190,500

1 Units in process (at start) - Work this period

2 Units completed from current production
3 Units in process (at end) - Work this period
Equivalent Production units
COST OF PRODUCTION REPORT:
1 QUANTITY SCHEDULE:
Units in process (at start)
Units placed in production
TOTAL
Units completed and transferred out
Units in process (at end)
TOTAL

5,000 (100% Material, 60% Conversion)

195,000
200,000
174,000
26,000 (100% Material, 75% Conversion)
200,000

2 Cost Charged to the department:

Cost
a. Cost of WIP (at start)
b. Cost added by the dept 1:
Direct material
Direct labor
FOH

Units
57,000

1,755,000
857,250
1,905,000
4,574,250

Rate
-

EPU
195,000
190,500
190,500

3. Cost Accounted for as follows

1 COST OF FINISHED GOODS
Total units in Finished Goods
174,000
a) 5,000 units - From Units in process - at start:
Cost incurred till start - 100% Material and 60% conversion
Add: Further cost incurred to complete 100%:
Direct material
(5,000 units x 0% x Rs 9.00)
Direct labor
(5,000 units x 40% x Rs 4.50)
Factory overrhead (5,000 units x 40% x Rs 10)
Total cost incurred on 5,000 units
b) 169,000 units - From Current production
(169,000 units x 100% x Rs23.50)

9.00
4.50
10.00
23.50

9,000
20,000

Total cost of Finished goods

2 COST OF WORK IN PROCESS (AT END)
Total units in process - at end
26,000
a. Direct material
(26,000 units x 100% x 9.00)
234,000
b. Direct Labor
(26,000 units x 75% x 4.5)
87,750
c. FOH
(26,000 units x 75% x 10.00)
195,000
Cost of work in process - at end

Previous dept
Direct material
Direct labor
FOH

(132,000 units x Rs 8.50)

(132,000 x 100% X Rs 5)
(132,000 x 100% X Rs 4.5)
(132,000 x 100% X Rs 8.5)

1,122,000
660,000
594,000
1,122,000

3,498,000

0% Conversion)

5% Conversion)

57,000

29,000
86,000

3,971,500

4,057,500

516,750
4,574,250

Working:

Equivalent Production Units:

Material
Conversion
54,000
54,000
6,000
5,400
60,000
59,400

2 Units completed from current production

3 Units in process (at end) - Work this period
Equivalent Production units
COST OF PRODUCTION REPORT:
1 QUANTITY SCHEDULE:
Units received from previous dept
TOTAL
Units completed and transferred out
Units in process (at end)
TOTAL

60,000
60,000
54,000
6,000 (100% Material, 90% Conversion)
60,000

2 Cost Charged to the department:

a. Cost incurred in previous dept
b. Cost added by the dept 2:
Direct material
Direct labor
FOH

Cost
Units
Rate
1,320,000
60,000

22.00

EPU
360,000
386,100
445,500
2,511,600

60,000
59,400
59,400

6.00
6.50
7.50
42.00

3. Cost Accounted for as follows

1 COST OF FINISHED GOODS
Total units in Finished Goods

54,000

a) 54,000 units - From Current production

(54,000 units x 100% x Rs 42
Total cost of Finished goods
2 COST OF WORK IN PROCESS (AT END)
Total units in process - at end
6,000
1. Previous dept
(6,000 units x Rs 22)
132,000
b. Direct material (6,000 units x 100% x 6)
36,000
c. Direct Labor
(6,000 units x 90% x 6.5)
35,100
d. FOH
(6,000 units x 90% x 7.5)
40,500
Cost of work in process - at end

Previous dept
Direct material

(132,000 units x Rs 8.50)

(132,000 x 100% X Rs 5)

1,122,000
660,000

Direct labor
FOH

(132,000 x 100% X Rs 4.5)

(132,000 x 100% X Rs 8.5)

594,000
1,122,000

3,498,000

0% Conversion)

2,268,000
2,268,000

243,600
2,511,600

Working:

Equivalent Production Units:

Material
Conversion
4,000
4,000
29,000
29,000
33,000
33,000

1 Units in process (at start) - Work this period

2 Units completed from current production
Equivalent Production units

COST OF PRODUCTION REPORT:

1 QUANTITY SCHEDULE:
Units in process (at start)
Units placed in production
TOTAL

10,000 (60% Material and conversion)

29,000
39,000

Units completed and transferred out

Units in process (at end)
TOTAL

39,000
39,000

2 Cost Charged to the department:

Cost
a. Cost of WIP (at start)
b. Cost added by the dept 2:
Direct material

Units
48,000

Rate
-

33,000

4.6970

EPU
155,000

Direct labor
FOH

76,000
60,800
339,800

33,000
33,000

3. Cost Accounted for as follows

1 COST OF FINISHED GOODS
Total units in Finished Goods
39,000
a) 10,000 units - From Units in process - at start:
Cost incurred till start - 60% Material and conversion
Add: Further cost incurred to complete 100%:
Direct material
(10,000 units x 40% x Rs 4.6970)
Direct labor
(10,000 units x 40% x Rs 2.3030)
Factory overrhead (10,000 units x 40% x Rs 1.8424)
Total cost incurred on 10,000 units
b) 29,000 units - From Current production
(29,000 units x 100% x Rs 8.8424)
Total cost of Finished goods

2.3030
1.8424
8.8424

18,788
9,212
7,370

Previous dept
Direct material
Direct labor
FOH

(132,000 units x Rs 8.50)

(132,000 x 100% X Rs 5)
(132,000 x 100% X Rs 4.5)
(132,000 x 100% X Rs 8.5)

1,122,000
660,000
594,000
1,122,000

3,498,000

conversion)

48,000

35,370
83,370

256,430
339,799
339,799

COST OF PRODUCTION REPORT:

1 QUANTITY SCHEDULE:
Units in process (at start)
Units received from dept 1
TOTAL
Units completed and transferred out
Units in process (at end)

5,000 (100% Mat, 70% Conv)

95,000
100,000
98,000
2,000 (100% Mat, 30% Conv)
100,000

2 Cost Charged to the department:

Cost

3. Cost Accounted for as follows

1 COST OF FINISHED GOODS
Total units completed during the period =

Units

Rate

98,000

a) From beginning work in process (5,000 units):

Cost incurred till start
10,000
Add: Further cost incurred to complete 100%
Direct material (5,000 x 0% x 5)
Direct labor (5,000 x 30% x 4)
6,000
FOH (5,000 x 30% x 4.50)
6,750
Total cost incurred to complete 5,000 units

22,750

b) From current production (93,000 units)

(93,000 units x 100% x 24)

2,232,000

Total cost of Finished goods

2,254,750

2 COST OF WORK IN PROCESS (AT END)

Inventory cost
(2,000 units x 12)
Direct material
(2,000 units x 100% x 3.50)
Direct labor
(2,000 units x 30% x 4)
FOH
(2,000 units x 30% x 4.50)

24,000
7,000
2,400
2,700

Total cost of WIP (at end)

36,100
2,290,850

Working: Equivalent Production Units:

1. Units completed and transferred out
2. Less: WIP (Start) - all units
Units started and completed
3. Add: WIP (Start) - work this period
4. Add: WIP (End) - work this period
Equivalent Production Units

Material
98,000
(5,000)
93,000
2,000
95,000

Conversion
98,000
(5,000)
93,000
1,500
600
95,100

COST OF PRODUCTION REPORT:

1 QUANTITY SCHEDULE:
Units received from previous dept
TOTAL

100,000
100,000

Units completed and transferred out

Units in process (at end)

82,000
18,000 (100% Mat, 80% Conv)
100,000

2 Cost Charged to the department:

a. Per unit received from Previous dept
b. Cost added by the dept:
Direct materail
Direct labor
FOH

Cost
Units
Rate
600,000
100,000

250,000
289,200
385,600
1,524,800

3. Cost Accounted for as follows

1 COST OF FINISHED GOODS
Total units completed during the period =

100,000
96,400
96,400

6.00

2.50
3.00
4.00
15.5

82,000

From current production (82,000 units)

(82,000 units x 100% x 15.50)

1,271,000

Total cost of Finished goods

1,271,000

2 COST OF WORK IN PROCESS (AT END)

Inventory cost
(18,000 units x 6)
Direct material
(18,000 x 100% x 2.50)
Direct labor
(18,000 x 80% x 3)
FOH
(18,000 x 80% x 4)
Total cost of WIP (at end)

108,000
45,000
43,200
57,600
253,800
1,524,800

Working: Equivalent Production Units:

1. Units completed and transferred out
Units started and completed
2. Add: WIP (End) - work this period
Equivalent Production Units

Material
82,000
82,000
18,000
100,000

Conversion
82,000
82,000
14,400
96,400

Working:
Equivalent Production Units:
Material

Conversion

1. Units in process (at Start) - Work this period

2. Units completed from current production
3. Units in process (at end) - Work this period

COST OF PRODUCTION REPORT:

1 QUANTITY SCHEDULE:
Units in process (at start)
Unit put into production
TOTAL
Units completed and transferred out
Units in process (at end)

6,000 (90% Mat, 70% Conv)

94,000
100,000
90,000
10,000 (75% Mat, 40% Conv)
100,000

2 Cost Charged to the department:

Cost
a. Cost of WIP (at start)
b. Cost added by the dept 1:
Direct materail
Direct labor
FOH

Units

Rate

55,000

184,200
269,400
359,200
867,800

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3. Cost Accounted for as follows

1 COST OF FINISHED GOODS
Total units completed during the period =
a) From beginning work in process (6,000 units):
Cost incurred till start
Add: Further cost incurred to complete 100%
Direct material (6,000 x 10% x 2)
Direct labor (6,000 x 30% x 3)

90,000

55,000
1,200
5,400

FOH (6,000 x 30% x 4)

7,200
Total cost incurred to complete 6,000 units

68,800

b) From current production (84,000 units)

(84,000 x 100% x 9)

756,000

Total cost of Finished goods

824,800

2 COST OF WORK IN PROCESS (AT END)

Direct material
(10,000 units x 75% x 2)
Direct labor
(10,000 units x 40% x 3)
FOH
(10,000 units x 40% x 4)
Total cost of WIP (at end)

15,000
12,000
16,000
43,000
867,800

COST OF PRODUCTION REPORT - Dept A

1 QUANTITY SCHEDULE:
Units put into proc ess
TOTAL
Units completed and transferred out
Units in process (at end)

30,000
30,000
25,000
5,000 (60% Material % 60% Conv)
30,000

2 Cost Charged to the department:

Cost
a. Cost added by the dept A:
Direct material
Direct labor
FOH

Units
Rate
EPU
22,400
28,000
19,600
28,000
14,000
28,000
56,000

3. Cost Accounted for as follows

1 COST OF FINISHED GOODS
Total units completed during the period =

0.80
0.70
0.50
2.0

25,000

From current production (25,000 units)

(25,000 units x 100% x 2)
Total cost of Finished goods

50,000
50,000

2 COST OF WORK IN PROCESS (AT END)

Direct material
(5,000 units x 60% x 0.80)
Direct labor
(5,000 units x 60% x 0.70)
FOH
(5,000 units x 60% x 0.50)
8
Total cost of WIP (at end)

2,400
2,100
1,500
6,000
56,000

COST OF PRODUCTION REPORT - Dept B

1 QUANTITY SCHEDULE:
Units received from previous dept
TOTAL

25,000
25,000

Units completed and transferred out

21,000

Units in process (at end)

4,000 (60% Material % 60% Conv)

25,000

2 Cost Charged to the department:

Cost
a. Per Unit cost of previous dept.
b. Cost added by the dept B:
Direct material
Direct labor
FOH

Units
50,000

9,360
14,040
28,080
101,480

3. Cost Accounted for as follows

COST OF FINISHED GOODS
Total units completed during the period =

25,000
EPU
23,400
23,400
23,400

Rate
2

0.40
0.60
1.20
4.2

21,000

From current production (21,000 units)

(21,000 units x 100% x 4.2)
Total cost of Finished goods

88,200
88,200

2 COST OF WORK IN PROCESS (AT END)

Inventory cost
(4,000 units x 2)
Direct material
(4,000 units x 60% x 0.40)
Direct labor
(4,000 units x 60% x 0.60)
FOH
(4,000 units x 60% x 1.20)
8
Total cost of WIP (at end)

8,000
960
1,440
2,880
13,280
101,480

Entries in Process Costing:

1. Transfer of units from one process to another process:
Work in Process (Dept B)
50,000
Work in Process (Dept A)
(To record: the transfer of 25,000 units
from Dept A to Dept B)
2 Transfer Finished goods to Ware house:
Finished Goods
Work in Process (Dept B)

50,000

88,200
88,200

(To record: the transfer of 21,000 units

from Dept B to Ware house)

Working: Equivalent Production Units:

1. Units completed and transferred out (FG)
2. Add: WIP (End) - work this period
Equivalent Production Units

Material
Conversion
25,000
25,000
3,000
3,000
28,000
28,000

Working: Equivalent Production Units:

1. Units completed and transferred out (FG)
2. Add: WIP (End) - work this period
Equivalent Production Units

Material
Conversion
21,000
21,000
2,400
2,400
23,400
23,400

1
2
3
4
5

Units in process - at start

Cost of WIP - at start
Units placed in production
Units in process - at end
Cost added by the department:
Direct material
Direct labor
FOH

Stage of Completion:
Work in process - at start

Work in process - at end

Working:

Dept 1
Dept 2
2,000
5,000
22,000
48,000
58,000
5,000
10,000
155,000
250,000
145,000

210,000
187,000
195,000

25% Mat
95% Conv

45% Mat
55% Conv

100% Mat
45% Conv

85% Mat
25% Conv

Equivalent Production Units:

Material
Conversion
1,500
100
53,000
53,000
5,000
2,250
59,500
55,350

1 Units in process (at start) - Work this period

2 Units completed from current production
3 Units in process (at end) - Work this period
Equivalent Production units

COST OF PRODUCTION REPORT:

1 QUANTITY SCHEDULE:
Units in process (at start)
2,000 (25% Material and 95% Conversion)
Units placed in production
58,000
TOTAL
60,000
Units completed and transferred out
Units in process (at end)
TOTAL

55,000
5,000 (100% Material and 45% Conversion)
60,000

2 Cost Charged to the department:

a. Cost of WIP (at start)
b. Cost added by the dept 1:
Direct material
Direct labor
FOH

Cost
Units
22,000

155,000
250,000
145,000
572,000

EPU
59,500
55,350
55,350

Rate

2.6050
4.5167
2.6197
9.7414

3. Cost Accounted for as follows

1 COST OF FINISHED GOODS
Total numbers of units completed =

55,000

a. 2,000 completed from Beginning Inventory

Cost incurred till start (25% Material, 95% Conversion)
Add: Further cost incurred to complete 100%:
Direct material
(2,000 units x 75% x Rs. 2.6050)
Direct labor
(2,000 units x 5% x Rs.4.5167)
Factory overhead (2,000 units x 5% x Rs. 2.6197)
Total cost incurred on 2,000 units

22,000
3,908
452
262

b. 53,000 completed from current production

(53,000 units x 100% x Rs. 9.7414)
Total cost of Finished goods - 55,000 units
2 COST OF WORK IN PROCESS (AT END)
Direct material
(5,000 units x 100% x Rs 2.6050
Direct labor
(5,000 units x 45% x Rs 4.5167
Factory overhead (5,000 units x 45% x Rs 2.6197
Total cost of Work in process -at end

13,025
10,163
5,894

and 95% Conversion)

and 45% Conversion)

26,621

516,294
542,915

29,082
571,997

Working:

Equivalent Production Units:

Material
Conversion
1,500
2,000
35,000
35,000
7,000
6,000
43,500
43,000

1 Units in process (at start) - Work this period

2 Units completed from current production
3 Units in process (at end) - Work this period
Equivalent Production units
COST OF PRODUCTION REPORT:
1 QUANTITY SCHEDULE:
Units in process (at start)
Units placed in production
TOTAL

5,000 (70% Material and 60% Conversion)

45,000
50,000

Units completed and transferred out

Units in process (at end)
TOTAL

40,000
10,000 (70% Material and 60% Conversion)
50,000

2 Cost Charged to the department:

Cost
a. Cost of WIP (at start)
b. Cost added by the dept 1:
Direct material
Direct labor
FOH

3. Cost Accounted for as follows

1 COST OF FINISHED GOODS
Total numbers of units completed =

Units

Rate

26,000
EPU
152,250
172,000
193,500
543,750

43,500
43,000
43,000

3.50
4.00
4.50
12.00

40,000

a. 5,000 completed from Beginning Inventory

Cost incurred till start (70% Material, 60% Conversion)
Add: Further cost incurred to complete 100%:
Direct material
(5,000 units x 30% x Rs 3.50)
Direct labor
(5,000 units x 40% x Rs 4.00)
Factory overhead (5,000 units x 40% x Rs 4.50)
Total cost incurred on 5,000 units
b. 35,000 completed from current production
(35,000 units x 100% x Rs 12)
Total cost of Finished goods - 40,000 units

26,000
5,250
8,000
9,000

2 COST OF WORK IN PROCESS (AT END)

Direct material
(10,000 units x 70% x Rs 3.50)
Direct labor
(10,000 units x 60% x Rs 4.00)
Factory overhead (10,000 units x 60% x Rs 4.50)
Total cost of Work in process -at end

Working:

24,500
24,000
27,000

Equivalent Production Units:

Material
Conversion
38,000
38,000
1,200
800
39,200
38,800

1 Units in process (at start) - Work this period

2 Units completed from current production
3 Units in process (at end) - Work this period
Equivalent Production units
COST OF PRODUCTION REPORT:
1 QUANTITY SCHEDULE:
Units in process (at start)
Units received from Dept 1
TOTAL

40,000
40,000

Units completed and transferred out

Units in process (at end)
TOTAL

38,000
2,000 (60% Material and 40% Conversion)
40,000

2 Cost Charged to the department:

a. Per unit cost received from dept 1
b. Cost added by the dept 1:
Direct material
Direct labor
FOH

Cost
Units
Rate
468,250
40,000
11.7063
EPU
200,000
250,000
350,000
1,268,250

3. Cost Accounted for as follows

1 COST OF FINISHED GOODS
Total numbers of units completed =
38,000 completed from current production

39,200
38,800
38,800

38,000

5.1020
6.4433
9.0206
32.2722

(38,000 units x 100% x Rs 32.2722)

Total cost of Finished goods - 38,000 units
2 COST OF WORK IN PROCESS (AT END)
Inventory Cost
(2,000 units x Rs 11.7063)
Direct material
(2,000 units x 60% x Rs 5.1020)
Direct labor
(2,000 units x 40% x Rs 6.4433)
Factory overhead (2,000 units x 40% x Rs 9.0206)
Total cost of Work in process -at end

23,413
6,122
5,155
7,216

60% Conversion)

60% Conversion)

48,250

420,000
468,250

75,500
543,750

40% Conversion)

1,226,344
1,226,344

41,906
1,268,250