Materials & Conversion (Accounting)

Materials & Conversion (Accounting)

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Given P04-AT
P04-AT
Given P04-17A
P04-17A
Given P04-15A
P04-15A
Student Name:
Class:
Materials
Conversion
Cost per equivalent unit
Materials
Conversion
Total
Cost to be accounted for:
Total departmental costs
Costs transferred in
Materials cost
Conversion costs
Transferred
Forming Department Production Report
1. Equivalent Units of Production
Ending work in process:
Equivalent units of production
2. Costs per Equivalent Unit
Cost added during the period
4. Cost Reconciliation
Costs accounted for as follows:
Cost of ending work in process inventory
Ending work in process inventory:
Equivalent units of production
Cost per equivalent unit
Cost per equivalent unit
3. Cost of Ending Work in Process Inventory and Units Transferred Out
Total cost
Units completed and transferred out:
Units transferred to the next department
Cost of units completed and transferred out
Pounds in process, May 1
?
Pounds in process, May 31
Cooking Department Production Report
Transferred to next department
Cost of beginning work in process
Units
Mixing
Percentage Completed
Mixing
Cost of beginning work in process inventory
Complete as to materials
Complete as to conversion
In Costs
BRADY PRODUCTS
Work in Process – Cracking Department
Inventory, May 1
Inventory, May 31
Completed and transferred
May 1 work in process inventory:
Pounds started into production in May
BOHEMIAN LINKS, INC.
Work in process inventory, April 1
Work in process inventory, April 30
Cost added during April
Batches completed and transferred to Packaging Department during April
Units transferred to next department
DURALL COMPANY
Forming department costs:
Work in process inventory, October 1
Conversion costs added during October
Material added during October
Costs transferred in from the Mixing Department
In
to the Blending Department
1. Equivalent Units of Production
Cost per Equivalent Unit
2. …

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