Soal 1:

17.29 Transferred-in costs, FIFO method. Refer to the information in Exercise 17-31. Suppose that Trendy uses the FIFO method instead
of the weighted-average method in all of its departments. The only changes to Exercise 17-31 under the FIFO method are that total
transferred-in costs of beginning work in process on June 1 are $45,000 (instead of $60,000) and total transferred-in costs added during June
are $114,000 (instead of $117,000).

Required:
Do Exercise 17-31 using the FIFO method. Note that you first need to calculate equivalent units of work done in the current period (for
transferred-in costs, direct materials, and conversion costs) to complete beginning work in process, to start and complete new units, and to
produce ending work in process.

Jawaban:
Transferred-in costs, FIFO method.

Solution Exhibit 17-32A calculates the equivalent units of work done in the current period (for transferred-in costs, direct-materials, and
conversion costs) to complete beginning work-inprocess inventory, to start and complete new units, and to produce ending work in process.
Solution Exhibit 17-32B summarizes total costs to account for, calculates the cost per equivalent unit of work done in the current period for
transferred-in costs, direct materials, and conversion costs, and assigns these costs to units completed and transferred out and to units in
ending workin-process inventory.

SOLUTION EXHIBIT 17-32A

Summarize the Flow of Physical Units and Compute Output in Equivalent Units;
FIFO Method of Process Costing,
Finishing Department of Trendy Clothing for June 2017.

(Step 1) (Step 2)
Equivalent Units
Physical Transferred -in Direct Conversion
Flow of Production Costs Materials Costs Units
Work in process, beginning (given) 60 (work done before current
period)
Transferred-in during current period (given) 100
To account for 160
Completed and transferred out during current period:

From beginning work in processa 60

[60 (100% – 100%); 60 (100% – 0%); 60 (100% – 50%)] 0 60 30

Started and completed 60b

(60 100%; 60 100%; 60 100%) 60 60 60

Work in process, endingc (given) 40

(40 100%; 40 0%; 40 75%) 40 0 30

Accounted for 160
Equivalent units of work done in current period 100 120 120

a
Degree of completion in this department: Transferred-in costs, 100%; direct materials, 0%; conversion costs, 50%.
b
120 physical units completed and transferred out minus 60 physical units completed and transferred out from beginning work-in-
process inventory.

c
Degree of completion in this department: transferred-in costs, 100%; direct materials, 0%; conversion costs, 75%.
Soal 2 :
Jawaban :
Summarize the Total Costs to Account For, Compute the Cost per Equivalent Unit, and Assign Costs to the Units Completed and Units
in Ending Work-in-Process Inventory;
FIFO Method of Process Costing,
Finishing Department of Trendy Clothing for June 2017.

Total
Production Transferred-in
Costs Costs Direct Materials Conversion Costs
(Step 3) Work in process, beginning (given) $ 69,000 $ 45,000 $ 0 $ 24,000
Costs added in current period (given) 203,400 114,000 27,000 62,400
Total costs to account for $272,400 $159,000 $27,000 $86,400

(Step 4) Costs added in current period $114,000 $27,000 $ 62,400

Divide by equivalent units of work done in current period
(Solution Exhibit 17-32A) ÷ 100 ÷ 120 ÷ 120
Cost per equivalent unit of work done in current period $ 1,140 $ 225 $ 520

(Step 5) Assignment of costs:

Completed and transferred out (160 units)
Work in process, beginning (60 units) $ 69,000 $45,000 + $0 + $24,000
Costs added to beginning work in process in current period 29,100 (0 a
$1,140) a
+ (60 $225) + (30 a $520)
Total from beginning inventory 98,100
Started and completed (60 units) 113,100 (601 $1,140) + (60b $225) + (60b $520)
Total costs of units completed and transferred out 211,200
Work in process, ending (40 units): 61,200 (402 $1,140) + (0c $225) + (30c $520)
Total costs accounted for $272,400 $159,000 + $27,000 + $86,400

1
Equivalent units started and completed from Solution Exhibit 17-32A, step 2.
1
Equivalent units in ending work in process from Solution Exhibit 17-32A, step 2.
a
Equivalent units used to complete beginning work in process from Solution Exhibit 3-32A, step 2.

SOLUTION EXHIBIT 17-31B

Summarize the Total Costs to Account For, Compute the Cost per Equivalent Unit, and Assign Costs to the Units Completed and Units in
Ending Work-in-Process Inventory;
Weighted-Average Method of Process Costing,
Finishing Department of Trendy Clothing for June 2017.

Total
Production Transferred-in Direct Conversion
Costs Costs Materials Costs

(Step 3) Work in process, beginning (given) $84,000 $ 60,000 $ 0 $24,000

Costs added in current period (given) 206,400 117,000 27,000 62,400
Total costs to account for $290,400 $ 177,000 $27,000 $86,400

(Step 4) Costs incurred to date $ 177,000 $27,000 $86,400

Divide by equivalent units of work done to date
(Solution Exhibit 17-31A) ÷ 160 ÷ 120 ÷ 150
Cost per equivalent unit of work done to date $1,106.25 $ 225 $ 576

(Step 5) Assignment of costs:

Completed and transferred out (120 units) Work $228,870 (120 a $1,106.25) + (120 a $225 ) + (120a $576)
in process, ending (40 units): 61,530 (40b $1,106.25) + (0b $225) + (30b $576)
Total costs accounted for $290,400 $ 177,000 + $27,000 + $86,400

a
Equivalent units completed and transferred out from Sol. Exhibit 17-31A, step 2. b Equivalent
units in ending work in process from Sol. Exhibit 17-31A, step 2.
SOAL 3:

Jawab
17.30 Weighted-average method, assigning costs. ZanyBrainy Corporation makes interlocking children’s blocks in a single processing
department. Direct materials are added at the start of production. Conversion costs are added evenly throughout production. ZanyBrainy uses
the weighted-average method of process costing. The following information for October 2017 is available.

1. Calculate the cost per equivalent unit for direct materials and conversion costs.
2. Summarize the total costs to account for, and assign them to units completed (and transferred out) and to units in ending work in process.

Jawaban :

A
1. Calculate the cost per equivalent unit for direct materials and conversion costs.

Weighted-Average Method of Process Costing, ZanyBrainy Corporation for October 2017.

(Step 2)
(Step 1) Equivalent Unit
Physical Direct conversion
Flow of Production Units Materials Costs
Work in process, beginning (given) 12,000
Started during current period (given) 48,000
To account for 60,000
Completed and transferred out duringcurrent period55,000 55,000 55,000 Work in process, ending* (given) 5,000
5,000 100%; 5,000 30% 5,000 1,500
Accounted for 60,000
Equivalent units of work done to date 60,000 56,500
*Degree of completion: direct materials, 100%; conversion costs, 30%.
B
1. Summarize the total costs to account for, and assign them to units
completed (and transferred out) and to units in ending work in process.

Weighted-Average Method of Process Costing for ZanyBrainy Corporation for

October 2017.
Total
Productio Direct Conversion
n Costs Material Costs
s
(Step 3) Work in $ 5,760 $ 14,825
process, $21,000
beginning (given)
Costs added in current 25,440 58,625
period (given) 83,650
Total costs to account for $104,650 $ 3 1, 2 0 0 $73,450

(Step 4) Costs incurred to date $31,200 $73,450

Divide by equivalent units
of work done to date  60,000  56,500
Cost per equivalent unit of $ 0.52 $ 1. 3 0
work done to date

(Step 5) Assignment of costs:

Completed and transferred (55,000*  $0.52) (55,000* 
out (55,000 units) $1.30)
$100,100
Work in process, ending (5,000†  $0.52) (1,500†  $1.30)
(5,500 units) 4,550
Total costs accounted for $104,650 $31,200 $73,450

*Equivalent units completed and transferred out (given).

†Equivalent units in ending work in process (given).