Question 6

Quantity Schedule:
Units work in process opening inventory 25000
Units transferred in from preceeding dep. 135000

Uniits transferred out 100000

Units work in process ending period 60000
Units lost 0

Cost charged to Department Units

Cost of units charged WIP opening 25000

Cost added by department

CC 110000
Total cost to be accounted for

Cost Accounted for as follows

Units transferred WIP opening
Opening WIP this period:
CC (25000*20)*1.3
Total
Cost added during this period
Units transferred started and compeleted this period(75000*1.3)
Closing WIP:
Adjusted cost from proceeding dep.
CC (60000*.50)*1.3
Total Cost
Total Cost to be Accouted for
Equivalent Production CC
Units transferred out 100000
Less: Opening units 25000
Units compeleted and transferred 75000
Add: Opening WIP this period (25000*.20) 5000
Add: Closing WIP this period (60000*.50) 30000
EP 110000
Cost per Unit 1.3
 160000

160000

Cost Unit Cost

22000

143000 1.3
165000 1.3

22000

6500
28500

97500

0
39000
136500
165000