1. Assembly_avrg
PT ABC
Finishing Department Production Report
Quantity Schedule and Equivalent Units
Quantity
Schedule
Pounds to be accounted for:
beginning 100
started in to production 4.000
Total pounds to be accounted for 4.100
Equivalent Units
Labor &
Materials Overhead
Pounds accounted for as follows:
Completed 3.800 3.800 3.800
Ending inventory 600 240 150
Total pounds accounted for 4.400 4.040 3.950
Costs per Equivalent Unit
Labor &
Cost to be accounted for: Total Materials Overhead Whole Unit
Beginning inventory $18.000 $9.000 $9.000
Cost added 592.990 252.120 340.870
Total cost to be accounted for $610.990 $261.120 $349.870
Equivalent units 4.040 3.950
Cost per equivalent unit $64,63 $88,57 $153,21
Cost Reconciliation
Equivalent Units
Costs Materials Conversion
Cost accounted for as follows:
Completed and transfereed to next dept $582.192 $64,63 $88,57
Work in process, May 31
DM 15.512 15.512
Conversion 13.286 13.286
Total work in process, May 31 28.798
Total cost accounted for $610.990
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2. Finishing_avrg
PT ABC
Finishing Department Production Report
Quantity Schedule and Equivalent Units
Quantity
Schedule
Pounds to be accounted for:
beginning 100
Transfer from assembly departement 3.800
started in to production 1.000
Total pounds to be accounted for 4.900
Equivalent Units
Labor &
Materials Overhead
Pounds accounted for as follows:
Completed 4.500 4.500 4.500
Ending inventory 400 100 160
Total pounds accounted for 4.900 4.600 4.660
Costs per Equivalent Unit
Labor &
Cost to be accounted for: Total Materials Overhead Whole Unit
Beginning inventory $15.321 $7.660 $7.660
Transfer from assembly departement $582.192 $252.120 $340.870
Cost added $550.000 200.000 350.000
Total cost to be accounted for $1.147.513 $459.780 $698.530
Equivalent units 4.600 4.660
Cost per equivalent unit $99,95 $149,90 $249,85
Cost Reconciliation
Equivalent Units
Costs Materials Conversion
Cost accounted for as follows:
Completed and finised goods $1.124.332 $99,95 $149,90
Work in process, May 31
DM 9.995 9.995
Conversion 23.984 23.984
Total work in process, May 31 33.979
Total cost accounted for $1.158.311
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