Sheet1

PROCESS COSTING PROBLEM

PRODUCTION COST REPORT - FIFO

FLOW OF PRODUCTION UNITS

TOTAL TRANSFER % CONVERSION
UNITS IN (EU) COMPL. COSTS (EU)
UINTS TO ACCOUNT FOR
Beginning inventory
Units started this period
Total units to account for
UNITS TO ACCOUNT FOR
Units compl. and transf. out;
From beginning inventory
Started and completed
Units spoiled
Units in ending inventory
TOTAL UNITS TO ACCOUNT FOR

COST TOTAL COST OF CONVERSION

COST TRANSFERS IN COST

Cost to be accounted for;

Cost in beginning inventory
Current period costs
TOTAL COSTS TO BE ACCOUNTED FOR

Page 1
 Sheet2

PROCESS COSTING PROBLEM

PRODUCTION COST REPORT - WAVG

FLOW OF PRODUCTION UNITS

TOTAL TRANSFER %
UNITS IN (EU) COMPL.
UINTS TO ACCOUNT FOR
Beginning inventory
Units started this period
Total units to account for
UNITS TO ACCOUNT FOR
Units compl. and transf. out;
From beginning inventory
Started and completed
Units spoiled
Units in ending inventory
TOTAL UNITS TO ACCOUNT FOR

COST TOTAL COST OF

COST TRANSFERS IN

Cost to be accounted for;

Cost in beginning inventory
Current period costs
TOTAL COSTS TO BE ACCOUNTED FOR

Page 2
 Sheet2

CONVERSION
COSTS (EU)

CONVERSION
COST

Page 3
 Sheet3

PROCESS COSTING PROBLEM - FIFO

COSTS PER EQUIVALENT UNITS : (COSTS / EU) COSTS PER EQUIVALENT UNITS
CONVERSION
COSTS EU TRANSFER IN COSTS
Transfer in

Conversion costs

COSTS ACCOUNTED FOR : (EU: COSTS PER EU)

TOTAL CONVERSION
EU COSTS TRANSFER IN COSTS
Costs assigned to units transferred out:
Costs from beginning inventory
Current costs added to complete
Transfer in
Conversion costs
Total Costs from beginning inventory

Costs of units started & completed:

Transfer in
Conversion costs
TOTAL

TOTAL COSTS TRANSFERRED OUT

Costs assigned to spoiled units:

Transfer in
Conversion costs
TOTAL

Costs assigned to ending inventory:

Transfer in
Conversion costs
TOTAL

TOTAL COSTS ACCOUNTED FOR:

Transfer In
Conversion Cost

Page 4
 Sheet4

PROCESS COSTION PROBLEM - WAVE

COSTS PER EQUIVALENT UNITS : (COSTS / EU) COSTS PER EQUIVALENT UNITS
CONVERSION
COSTS EU TRANSFER IN COSTS
Transfer in

Conversion costs

COSTS ACCOUNTED FOR : (EU: COSTS PER EU)

TOTAL CONVERSION
EU COSTS TRANSFER IN COSTS
Costs assigned to units transferred out:
Costs from beginning inventory
Current costs added to complete
Transfer in
Conversion costs
Total Costs from beginning inventory

Costs of units started & completed:

Transfer in
Conversion costs
TOTAL

TOTAL COSTS TRANSFERRED OUT

Costs assigned to spoiled units:

Transfer in
Conversion costs
TOTAL

Costs assigned to ending inventory:

Transfer in
Conversion costs
TOTAL

TOTAL COSTS ACCOUNTED FOR:

Transfer In
Conversion Cost

Page 5