Materials & Conversion (Accounting)

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P04-15A

	Student Name:
	Class:
		Problem 4-15A
BRADY PRODUCTS
Cooking Department Production Report
1. Equivalent Units of Production
			Materials	Conversion
Transferred to next department
Ending work in process:
Materials
Conversion
Equivalent units of production
			0	0
2. Costs per Equivalent Unit
			Materials	Conversion
Cost of beginning work in process
Cost added during the period
Total cost
Equivalent units of production
Cost per equivalent unit
			0	0
3. Cost of Ending Work in Process Inventory and Units Transferred Out
			Materials	Conversion	Total
Ending work in process inventory:
Equivalent units of production
Cost per equivalent unit
Cost of ending work in process inventory
					0
Units completed and transferred out:
Units transferred to the next department
Cost per equivalent unit
Cost of units completed and transferred out
					0

Enter appropriate data in the yellow cells. Your entries for "Cost per equivalent unit" will be verified.

Given P04-15A

Given Data P04-15A:
BRADY PRODUCTS
Work in Process - Cracking Department
Inventory, May 1	63,700	Completed and transferred
Materials	397,600	to the Blending Department
Conversion	187,600	?
Inventory, May 31	?
May 1 work in process inventory:
Pounds in process, May 1			35,000
Materials complete			$ 43,400
Conversion complete			$ 20,300
Percent complete with respect to materials			100%
Percent complete with respect to conversion			80%
Pounds started into production in May			280,000
Pounds in process, May 31			45,000
Materials complete			100%
Conversion complete			60%

P04-17A

	Student Name:
	Class:
		Problem 4-17A
BOHEMIAN LINKS, INC.
Cooking Department Production Report
1. Equivalent Units in ending inventory
			Mixing	Materials	Conversion
Units transferred to next department
Ending work in process:
Mixing
Materials
Conversion
Equivalent units of production
			0	0	0
2. Costs per Equivalent Unit
			Mixing	Materials	Conversion
Cost of beginning work in process inventory
Cost added during the period
Total cost
Equivalent units of production
Cost per equivalent unit
			0	0	0
3. Cost of Ending Work in Process Inventory and Units Transferred Out
			Mixing	Materials	Conversion	Total
Ending work in process inventory:
Equivalent units of production
Cost per equivalent unit
Cost of ending work in process inventory
						0
Units completed and transferred out:
Units transferred to the next department
Cost per equivalent unit
Cost of units completed and transferred out
						0
4. Cost Reconciliation
Cost to be accounted for:
Cost of beginning work in process inventory
Cost added to production during the period
Total cost to be accounted for
Costs accounted for as follows:				0
Cost of ending work in process inventory
Costs of units transferred out
Total cost accounted for
				0

Enter appropriate data in the yellow cells. Your entries for "Cost per equivalent unit" will be verified.

Enter appropriate data in the yellow cells. Your entries for "Total cost transferred to wiring", "Total work in process", and "Total cost accounted for" will be verified.

Enter appropriate data in the yellow cells. Your entries for "Cost per equivalent unit" will be verified.

Given P04-17A

Given Data P04-17A:
BOHEMIAN LINKS, INC.
		Percentage Completed
	Units	Mixing	Materials	Conversion
Work in process inventory, April 1	1	100%	60%	50%
Work in process inventory, April 30	1	100%	20%	10%
		Mixing	Materials	Conversion
Work in process inventory, April 1		$ 1,640	$ 26	$ 105
Cost added during April		$ 94,740	$ 8,402	$ 61,197
Batches completed and transferred to Packaging Department during April				60

P04-AT

	Student Name:
	Class:
		Problem 4-AT
DURALL COMPANY
Forming Department Production Report
1. Equivalent Units of Production
			Transferred
			In	Materials	Conversion
Equivalent units of production
			0	0	0
Cost per Equivalent Unit			Transferred
			In Costs	Materials	Conversion
Total cost
Equivalent units of production
Cost per equivalent unit
			0	0	0
			Transferred
			In Costs	Materials	Conversion	Total
Ending work in process inventory:
Cost of ending work in process inventory
Units completed and transferred out:						0
Cost of units completed and transferred out
						0
2. Explain why the unit cost appearing on the report prepared by the accountant is so high.

Enter appropriate data in the yellow cells. Your entries for "Cost per equivalent unit" will be verified.

Enter appropriate data in the yellow cells. Your entries for "Equivalent units of production" will be verified.

Enter appropriate data in the yellow cells. Your entries for "Total Cost of Ending work in process inventory" will be verified.

Enter appropriate data in the yellow cells. Your entries for "Total Cost of units completed and transferred out" will be verified.

Given P04-AT

Given Data P0-4AT:
DURALL COMPANY
Forming department costs:
Work in process inventory, October 1	8,000	units
Costs transferred in	8,820
Materials cost	3,400
Conversion costs	10,200	$ 22,420
Units	8,000
Complete as to materials	100%
Complete as to conversion	87.5%
Costs transferred in from the Mixing Department		81,480
Material added during October		27,600
Conversion costs added during October		96,900
Total departmental costs		$ 228,400