eBook Calculator Cost of Production Report The Cutting Department of Tangu Carpe
ID: 2508122 • Letter: E
Question
eBook Calculator Cost of Production Report The Cutting Department of Tangu Carpet Company work in process, December 1, 12,200 units, 60% completed provides the following data for December 2016. Assume that all materials are added at the beginning of the process. 154,208* 114,680 39,528 $154,208 Direct materials (12,200 x $9.4) Conversion (12,200 x 60% x S5.4) Materials added during December from Weaving Department, 188,000 units Direct labor for December Factory overhead for December Goods finished during December (includes goods in process, December 1),190,200 units work in process, December 31, 10,000 units, 45% completed $1,795,400 463,766 566,824 t. If an amount is zero or a blank, enter in "0. For the cost per equivalent unit computations, round your answers to two decimal places Tangu Carpet Company Cost of Production Report-Cutting Departimert For the Month Ended December 31, 2016 Units charoed to production: Previous Next Check Hy All work saved.Explanation / Answer
A Units Material Conversion Cost Opening WIP 12200 100% 60% Material Added 188000 Total 200200 Closing WIP 10000 100% 45% Units Completed 190200 Unit Information Units Charged to Production: Inventory in Progress, Dec 1 12200 Received from Weaving Dept 188000 Total Units Accounted by Cutting Department 200200 Units to be Assigned Cost Equivalent Units Whole Units DM Conversion Inventory in Progress, Dec 1 12200 0 4880 40% worked Started and Completed in Dec 178000 178000 178000 Transferred to FG in Dec 190200 178000 182880 Inventory in Progress, Dec 31 10000 10000 4500 Total Units to be Assigned Cost 200200 188000 187380 Cost Information Cost Per Equivalent unit: DM Conversion Total Costs for Dec in Cutting Department 1795400 1030590 (463766+566824) Total Equivalent Units 188000 187380 Cost Per Equivalent unit 9.55 5.50 Costs assigned to Production: DM Conversion Total Inventory in Progress, Dec 1 154208 Cost incurred in December 2825990 Total Costs Accounted for by Cutting Departement 2980198 Costs Allocated to Complete and Partially Completed Units: Inventory in Progress, Dec 1 154208 To Complete Inventory in Progress, Dec 1 0 26840 26840 Cost of Completed Dec 1 WIP 181048 Started and Completed in Dec 1699900 979000 2678900 Transferred to FG in Dec 2859948 Inventory in Progress, Dec 31 95500 24750 120250 Total Costs assigned by Cutting Department 2980198 B Increase or Decrease Amount Change in DM Cost Per E.Units Increase 0.15 (9.55-9.40) Change in Conversion Cost Per E.Units Increase 0.10 (5.50-5.40) Working Note: DM Conversion Total Inventory in Progress, Dec 1 9.40 5.40 14.80
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