Prolem 1

a Units W done EUP

To be accounted 15,000.00 Mat CC
Accounted for
F and T 10,000.00 1.00 10,000.00 10,000.00
W/P end 5,000.00 1.00 5,000.00 2,500.00
15,000.00 15,000.00 12,500.00
Cost to be accounted for
Materials 50,000.00 15,000.00 3.33
CC 25,000.00 12,500.00 2.00
75,000.00 5.33
Cost accounted for as follows
F and T 10,000.00 5.33 53,333.33
W/P end
Mat 5,000.00 3.33 16,666.67
CC 2,500.00 2.00 5,000.00
75,000.00

WP 75,000.00
Mat 50,000.00
DL and FOH 25,000.00

D2 53,333.33
W/P 53,333.33

E
Units W done EUP
To be accounted 50,000.00 Mat w done CC
Accounted for
F and T 45,000.00 1.00 45,000.00 1.00 45,000.00
W/P end 2,000.00 1.00 2,000.00 0.20 400.00
3,000.00 1.00 3,000.00 0.75 2,250.00
50,000.00 50,000.00 47,650.00
Cost to be accounted for
Materials 80,000.00 50,000.00 1.60
CC 75,000.00 47,650.00 1.57
155,000.00 3.17
Cost accounted for as follows
F and T 45,000.00 3.17 142,828.96
W/P end
Mat 5,000.00 1.60 8,000.00
CC 2,650.00 1.57 4,171.04
155,000.00
Problem 2
Units W done EUP
To be accounted 11,000.00 Mat w done CC
Accounted for
F and T 9,000.00 1.00 9,000.00 1.00 9,000.00
W/P end 2,000.00 1.00 2,000.00 0.75 1,500.00
- 1.00 - -
11,000.00 11,000.00 10,500.00
Cost to be accounted for
Materials 15,750.00 11,000.00 1.43
CC 66,150.00 10,500.00 6.30
81,900.00 7.73
Cost accounted for as follows
F and T 9,000.00 7.73 69,586.36
W/P end
Mat 2,000.00 1.43 2,863.64
CC 1,500.00 6.30 9,450.00
81,900.00

Problem 3 W done Mat W/Done

Case 1 Started 10,000.00

F and T 8,000.00 100% 8,000.00 100%

W/P end 2,000.00 100% 2,000.00 75%
EUP 10,000.00 10,000.00

Case 2 W done Mat W/Done

Started 40,000.00

F and T 34,000.00 100% 34,000.00 100%

W/P 6,000.00 0% - 25%
40,000.00 34,000.00

Case 3 W done Mat W/Done

Started 40,000.00

F and T 34,000.00 100% 34,000.00 100%

W/P 3,000.00 75% 2,250.00 33%
3,000.00 75% 2,250.00 20%
40,000.00 38,500.00

Problem 4
W done Mat W/Done
Started 12,000.00
 F and T 10,500.00 100% 10,500.00 100%
W/P 1,500.00 50% 750.00 40%
-
12,000.00 11,250.00
Cost this department
DM 72,000.00 6.40
Labor 88,800.00 8.00
FOH 44,400.00 4.00
Cost to be accounted for 205,200.00 18.40
Cost as accounted
Completed and Transferred 10,500.00 18.40 193,200.00
W/P Mat 750.00 6.40 4,800.00
DL 600.00 8.00 4,800.00
FOH 600.00 4.00 2,400.00
Cost as accounted for 205,200.00

Problem 5
D1 W done Mat W/Done
Started 60,000.00

F and T 40,000.00 100% 40,000.00 100%

W/P 20,000.00 100% 20,000.00 75%
-
60,000.00 60,000.00
Cost this department
DM 480,000.00 8.00
Labor 330,000.00 6.00
FOH 220,000.00 4.00
Cost to be accounted for 1,030,000.00 18.00
Cost as accounted
Completed and Transferred 40,000.00 18.00 720,000.00
W/P Mat 20,000.00 8.00 160,000.00
DL 15,000.00 6.00 90,000.00
FOH 15,000.00 4.00 60,000.00
Cost as accounted for 1,030,000.00

D2 W done Mat W/Done

Started 40,000.00

F and T 30,000.00 100% 30,000.00 100%

W/P 10,000.00 50% 5,000.00 80%
-
40,000.00 35,000.00
Cost this department
Cost from Preceding Departm 720,000.00 18.00
 DM 245,000.00 7.00
Labor 190,000.00 5.00
FOH 114,000.00 3.00
Cost to be accounted for 1,269,000.00 15.00
Cost as accounted 33.00
Completed and Transferred 30,000.00 33.00 990,000.00
W/P Cost from PD 10,000.00 18.00 180,000.00
W/P Mat 5,000.00 7.00 35,000.00
DL 8,000.00 5.00 40,000.00
FOH 8,000.00 3.00 24,000.00
Cost as accounted for 1,269,000.00

Problem 6
W done Straw W/done
Started 100,000.00

F and T 90,000.00 100% 90,000.00 100%

W/P 10,000.00 100% 10,000.00 0%
100,000.00
100,000.00
Cost this department
Cost from Preceding Departm -
DM straw 180,000.00 1.80
DM choco 135,000.00 1.50
CC 116,400.00 1.20

Cost to be accounted for 431,400.00 4.50

Cost as accounted 4.50
Completed and Transferred 90,000.00 4.50 405,000.00
W/P Cost from PD - -
W/P Straw 10,000.00 1.80 18,000.00
Choco - 1.50 -
CC 7,000.00 1.20 8,400.00
Cost as accounted for 431,400.00

Problem 7 W done Mat

1.00 Started 80,000.00

F and T 60,000.00 100% 60,000.00

W/P 10,000.00 100% 10,000.00
Lost units 10,000.00 -
80,000.00 70,000.00
Cost this department
Cost from Preceding Departmen 560,000.00
 DM 175,000.00
Labor 121,875.00
FOH 243,750.00
Cost to be accounted for 1,100,625.00
Adjustment of lost units
Cost as accounted
Completed and Transferred 60,000.00 16.13
W/P Cost from PD 10,000.00 8.00
W/P Mat 10,000.00 2.50
DL 5,000.00 1.88
FOH 5,000.00 3.75

2.00 W done Mat

Started 80,000.00

F and T 60,000.00 100% 60,000.00

W/P 10,000.00 100% 10,000.00
Lost units 10,000.00 100% 10,000.00
80,000.00 80,000.00
Cost this department
Cost from Preceding Departmen 560,000.00
DM 175,000.00
Labor 121,875.00
FOH 243,750.00
Cost to be accounted for 1,100,625.00
Adjustment of lost units
Cost as accounted
Completed and Transferred 70,000.00 14.06
W/P Cost from PD 10,000.00 7.00
W/P Mat 10,000.00 2.19
DL 5,000.00 1.63
FOH 5,000.00 3.25

3.00 W done Mat

Started 80,000.00

F and T 60,000.00 100% 60,000.00

W/P 10,000.00 100% 10,000.00
Lost units 10,000.00 100% 10,000.00
80,000.00 80,000.00
Cost this department
Cost from Preceding Departmen 560,000.00
DM 175,000.00
 Labor 121,875.00
FOH 243,750.00
Cost to be accounted for 1,100,625.00
Adjustment of lost units
Cost as accounted
Completed and Transferred 60,000.00 14.06
Factory overhead 10,000.00 14.06
W/P Cost from PD 10,000.00 7.00
W/P Mat 10,000.00 2.19
DL 5,000.00 1.63
FOH 5,000.00 3.25

4.00 W done Mat

Started 80,000.00

F and T 60,000.00 100% 60,000.00

W/P 10,000.00 100% 10,000.00
Lost units 10,000.00 100% 10,000.00
80,000.00 80,000.00
Cost this department
Cost from Preceding Departmen 560,000.00
DM 175,000.00
Labor 121,875.00
FOH 243,750.00
Cost to be accounted for 1,100,625.00
Adjustment of lost units
Cost as accounted
Completed and Transferred 60,000.00 14.06
Factory overhead 10,000.00 2.06
Transfer to spiled inventory 10,000.00 12.00
W/P Cost from PD 10,000.00 7.00
W/P Mat 10,000.00 2.19
DL 5,000.00 1.63
FOH 5,000.00 3.25

Problem 10 Cost of production report

Unit started 5,000.00 W/done Material

FT 3,800.00 100% 3,800.00

W/P 800.00 40% 320.00
Lost Units 400.00 100% 400.00
EUP 4,520.00
Cost to be accounted
Cost from preceding department 60,000.00
Materials 22,600.00
Labor 17,440.00
Overhead 13,080.00
Total cost to be accounted for 113,120.00

Cost accounted for

FT 3,800.00 24.00
Spoiled goods inventory 400.00 15.00
FOHead ( 400)X(24-15)
W/P end
Cost from Preceding departm 800.00 12.00
Mat 320.00 5.00
Labor 160.00 4.00
Overhead 160.00 3.00

Journal entry
W/P 53,120.00
Materials 22,600.00
Payroll 17,440.00
Applied FOH 13,080.00

Finished goods 91,200.00

Spoiled goods inventory 6,000.00
FOH 3,600.00
W/P 100,800.00

W/P FD 60,000.00
W/P Cutting Department 60,000.00
CC

8,000.00
1,500.00
9,500.00

CC

34,000.00
1,500.00
35,500.00

CC

34,000.00
999.90
600.00
35,599.90

CC
 10,500.00
600.00
-
11,100.00

CC

40,000.00
15,000.00
-
55,000.00

CC

30,000.00
8,000.00
-
38,000.00
Cho W/ done CC

90,000.00 100% 90,000.00

70% 7,000.00
90,000.00 97,000.00

W/Done CC

100% 60,000.00
50% 5,000.00
-
65,000.00

7.00 560,000.00
 2.50 70,000.00 8.00
1.88
3.75

1.00
16.125
967,500.00
80,000.00
25,000.00
9,375.00
18,750.00
1,100,625.00

W/Done CC

100% 60,000.00
50% 5,000.00
100% 10,000.00
75,000.00

7.00
2.19
1.63
3.25

14.063
984,375.00
70,000.00
21,875.00
8,125.00
16,250.00
1,100,625.00
-
W/Done CC

100% 60,000.00
50% 5,000.00
100% 10,000.00
75,000.00

7.00
2.19
 1.63
3.25

14.063
843,750.00
140,625.00
70,000.00
21,875.00
8,125.00
16,250.00
1,100,625.00

W/Done CC

100% 60,000.00
50% 5,000.00
100% 10,000.00
75,000.00

7.00
2.19
1.63
3.25

14.063
843,750.00
20,625.00
120,000.00
70,000.00
21,875.00
8,125.00
16,250.00
1,100,625.00

W/Done CC

100% 3,800.00
20% 160.00
100% 400.00
4,360.00
 5,000.00 12.00
4,520.00 5.00
4,360.00 4.00
4,360.00 3.00
24.00

91,200.00
6,000.00
3,600.00

9,600.00
1,600.00
640.00
480.00
113,120.00
-
 EUP EUP
Chap 10 Problem 1 FIFO W/done Mat W/done CC
W/P 10,000.00
Started 45,000.00
Units to be accted 55,000.00

W/P Beg 10,000.00 20% 2,000.00 40% 4,000.00

Started and finished 40,000.00 100% 40,000.00 100% 40,000.00
W/P end 5,000.00 50% 2,500.00 40% 2,000.00
44,500.00 46,000.00

EUP EUP
Average W/done Mat W/done CC
W/P 10,000.00
Started 45,000.00
Units to be accted 55,000.00

W/P Beg - -
Started and finished 50,000.00 100% 50,000.00 100% 50,000.00
W/P end 5,000.00 50% 2,500.00 40% 2,000.00
52,500.00 52,000.00

Problem 2 EUP EUP

FIFO W/done Mat W/done CC
W/P 15,000.00
Started 45,000.00
Units to be accted 60,000.00

W/P Beg 15,000.00 40% 6,000.00 25% 3,750.00

Started and finished 35,000.00 100% 35,000.00 100% 35,000.00
W/P end 10,000.00 60% 6,000.00 80% 8,000.00
60,000.00 47,000.00 46,750.00

EUP EUP
Average W/done Mat W/done CC
W/P 15,000.00
Started 45,000.00
Units to be accted 60,000.00

W/P Beg - -
Started and finished 50,000.00 100% 50,000.00 100% 50,000.00
W/P end 10,000.00 60% 6,000.00 80% 8,000.00
56,000.00 58,000.00