Actual Materials Labor and OH Qty Schedule Units WD EUP WD
Actual Materials Labor and OH Qty Schedule Units WD EUP WD
Actual Materials Labor and OH Qty Schedule Units WD EUP WD
2015 of Jock
Corp.
November December
Quantity % of Compl'n Quantity
In Process Beginning - - ?
Started 80,000.00 95,000.00
In Process End ? 40% ?
Tranferred 75,000.00 88,000.00
Cost incurred for the month of
November December
Materials 168,000.00 200,500.00
Labor 162,000.00 193,200.00
Overhead 202,500.00 241,300.00
Total 532,500.00 635,000.00
Material in this department is added at start of the process.
Required : Prepare the cost of production report of Jock Corporation for the month of November and for the month of
December 2015.
Jock Corporation
Cost of Production Report
For the month of November 2015
Jock Corporation
Cost of Production Report
For the month of December 2015
FIFO
Actual Materials Labor and OH
Qty Schedule Units WD EUP WD
In Process 12/1 5,000.00 100% 5,000.00 40%
Started 95,000.00
Total 100,000.00
Jock Corporation
Cost of Production Report
For the month of December 2015
Weighted Average
Actual Materials Labor and OH
Qty Schedule Units WD EUP WD
In Process 12/1 5,000.00 -
Started 95,000.00
Total 100,000.00
December
% of Compl'n
?
70%
month of
Labor and OH
EUP
75,000.00
2,000.00
77,000.00
Unit Cost
2.1000000
2.1038961
2.6298701
6.8337662
512,532.47
19,967.53
532,500.00
Labor and OH
EUP
2,000.00
3,000.00
83,000.00
8,400.00
94,400.00
Unit Cost
2.1105263
2.0466102
2.5561441
6.7132806
33,775.80
557,202.29
590,978.08
63,989.45
654,967.53
Labor and OH
EUP
-
88,000.00
8,400.00
96,400.00
Unit Cost
2.1100000
2.0477987
2.5576737
6.7154723
590,961.56
64,005.97
654,967.53
Unit Cost
5.55
2.1100000
2.0477987
2.5576737
6.72
12.27
PPP Manufacturing Co. operates two consecutive departments (A and B). The following information
pertains to the production of the two departments for August 2015.
Department A Department B
Production Data Units WD Units WD
In process 8/1 6,000 30% 7,000 60%
Started 35,000 31,500
Transferred out 31,500 31,000
In Process 8/31 9,500 20% 7,500 40%
Unit Cost Data
In Process 8/1
Transferred in 7.56
Cost in this department
Materials 2.23 1.94
Labor 1.87 6.83
Overhead 3.46 4.25
Transferred in ?
August Unit Cost
4,200.00
25,500.00
1,900.00
31,600.00
Unit Cost
2.24
1.84
3.48
7.56
45,318.00
192,780.00
238,098.00 WIP - Dept B
WIP - Dept A
31,388.00
269,486.00
Unit Cost
7.558667
1.970000
6.810000
4.750000
13.530000
21.088667
145,509.00
506,128.00
651,637.00 FGI
WIP - Dept B
98,757.50
750,394.50
PPP Manufacturing Corporation
Department A
Cost of Production Report
For the month of August 2015
31,500.00
1,900.00
33,400.00
Unit Cost
2.24
1.84
3.48
7.56
238,140.00
31,388.00
269,528.00
31,000.00
3,000.00
34,000.00
Unit Cost
7.560000
1.970000
6.810000
4.750000
13.530000
21.090000
653,790.00
98,767.50
752,557.50