1.

Cost of Production Report:

A company's Department 2 costs for June were: Cost from Department 1 Cost added in Department 2: Materials Labor Factory overhead (FOH) $16320 43,415 56,100 58,575

The quantity schedule shows 12,000 units were received during the month from Department 1; 7,000 units were transferred to finished goods; and 5,000 units in process at the end of June were 50% complete as to materials cost and 25% complete as to conversion cost. Required: Prepare Cost of production report.

2. Cost of Production Report - Normal Loss:

For December, the Production Control Department of Carola Chemical, Inc., reported the following production data for Department 2: Transferred in from Department 1 55,000 liters Transferred out to Department 3 39,500liters In process at the end of December (with 1/2 labor and factory overhead) 10,500 liters All materials were put into process in Department 1. The cost department collected following figures for department 2: Unit cost for units transferred in from department 1 Labor cost in department 2 Applied factory overhead Required: A cost of production report for department 2 for December. $1.80 $27,520 $15480

3. Cost of Production Report:

Brooks Inc. uses process costing. The costs for Department 2 for April were: Cost from preceding department Cost added by department: Materials Labor Factory overhead (FOH) $20,000

$21,816 7,776 4,104 33,696 -------The following information was obtained from the department's quantity schedule: Units received 5,000 Units transferred out 4,000 Units still in process 1,000 The degree of completion of the work in process as to costs originating in department 2 was: 50% of units were 40% complete; 20% were 30% complete; and the balance were 20% complete. Required: The cost of production report for Department 2 for April.

4. Equivalent Units of Production:

During April, 20,000 units were transferred in from department A at a cost of $39,000. Materials cost of $6,500 and conversion cost of $9,000 were added in department B. On April 30, department B had 5,000 units of work in process 60% complete as to conversion as costs. Materials are added in the beginning of the process in department B. Required: 1. Equivalent units of production calculation. 2. The cost per equivalent unit for conversion costs.

5. Costing of Units Transferred Out; Abnormal Loss

During February, the Assembly department received 60,000 units from Cutting department at a unit cost of $3.54. Costs added in the Assembly department were: materials, $41,650; labor, $101,700; and factory overhead. $56,500. There was no beginning inventory. Of the 60,000 units received, 50,000 were transferred out; 9,000 units were in process at the end of the month (all materials, 2/3 converted); 1,000 lost units were 1/2 complete as to materials and conversion costs. The entire loss is considered abnormal and is to be charged to factory overhead. Required: Cost of production report.

6. Cost of Production Report; Normal and Abnormal Loss:

The Sterling Company uses process costing. In department B, conversion costs are incurred uniformly throughout the process. Materials are added at the end of the process, following inspection. Normal spoilage is expected to be 5% of good output. The following information related to department B for January: Received from department A Transferred to finished goods Ending inventory (70% complete) Cost incurred: Materials Labor and factory overhead Required: Cost of Production report for department B. Units 12,000 9,000 2,000 Dollars $84,000

18,000 45,600

7. Cost of Production Report; Spoiled Units - Normal and Abnormal:

Hettinger Inc., uses process costing system in its two producing departments. In department 2, inspection takes place at the 96% stage of completion, after which materials are added to good units. A spoilage rate of 3% of good output is considered normal. Department 2 records for April shows: Received from department 1 cost Materials Conversion cost (labor + factory overhead) Transferred to finished goods Ending work in process inventory (50% complete) Required: Cost of production report. 30,000 units $135,000 $12,500 $139,340 25,000 units 4,200 units

8.Computation of Equivalent Production:

Pietra - Gonatas, Inc. uses process costing to account for the costs of its only product, product D. Production takes place in three departments; Fabrication, Assembly, and Packaging. At the end of the fiscal year, June 30, the following inventory of product D is on hand:

No unused raw materials or packaging materials. Fabrication department: 300 units, 1/3 complete as to raw materials and 1/2 complete as to direct labor Assembly department: 1,000 units, 2/5 complete as to direct labor. Packaging department: 100 units, 3/4 complete as to packaging materials and 1/4 complete as to direct labor. Shipping for finished goods are: 400 units.

Required: 1. The number of equivalent units of raw materials in all inventories at June 30. 2. The number of equivalent units of the fabrication department's direct labor in all inventories at June 30 3. The number of equivalent units of packaging materials in all inventories at June 30.