1. campute quivalent production units in the Cooking Depan January 2. Prepare a cost of production report for the Cooking Department for the month of January (14.2A) Compute equivalent production; compute costs per equivalent unit; prepare a cost of system. Materials in the first department (Crushing) are placed in production at various in- tervals of the manufacturing process. Data for the month of March follow: -0- $6,509 2,106 3,283 124,022 104,638 63,466 Costs Beginning Work in Process Costs in Prior Department Costs in Current Department Materials Labor Overhead Current Department Costs-March Materials Labor Overhead Quantities Beginning Work in Process Started in Production Transferred Out to Next Department Ending Work in Process Stage of Completion of Work in Process Beginning Materials and overhead Labor Ending Materials and overhead Labor 1,200 18,100 17,750 1,550 80% 30% 90% 40% wo PCA Instructions 1. Complete the equivalent production computation for the Crushing Department. 2. Prepare a cost of production report for the Crushing Department. Carry the unit cost and total costs to two decimal places. 3A) Compute equivalent units; compute cost per equivalent unit; prepare a cost of pro- duction report; account for normally lost units. (Objs. 2, 3, 4, 5). The Johnson Company uses a process cost accountin- eystem. On April 1 the firm had 2,000 units in process in the Fractionating Depart he second of three producing departments. All materials hadh Cabin bal Paste BTU a-A- Merge & Center S-% Clipboard Font Alignment Numbet N156 NIN total EU $ $ $ $ B D 2 Problem 14-2 3 Crushing Departments 4 Equivalent Production Computation 5 March 6. Materials and Overhead units % 7 Beginning WIP 8 Started and completed Ending Wip 10 EU for Materials and Overhead 11 12 Labor units % 13 Beginning WIP 14 Started and completed 15 Ending Wip 16 EU for Labor 17 18 19 Crushing Department EP units 20 Cost of Production Report 21 March 22 23 Cost Schedule cetto ho dine Exercises Problems Acest blity Good to go Type here to search total EU $ $ $ S unit cost 9 E acer F1 F2 F7 F5 76 F8 19 Calibri Ger 11 A A A.A. Ildil 2 Wrap Text Meige Center - Paste BIU Clipboard Font Alignment N156 X fo D F G H B C 23 Cost Schedule 24 Costs to be Accounted for 25 Beginning Inventory WIP 26 Costs charged in current month 27 Costs added in current dept 28 Materials 29 Labor 30 OH 31 total costs added in current de $ 32 Total costs to be accounted for $ 33 34 Costs Accounted for 35 Transferred out From Beginning WIP 36 Beginning inventory 37 Materials 38 Labor 39 40 total costs from Beg WIP $ 41 Goods started and completed is 42 total cost of goods transferred s 43 OH 1200 $ 16550 $ 17750 S 44 Work in Process-ending Cartett Exercises Problems Accesy Good to go Type here to search o E 10 Font 12 Clipboard N156 F E 1200 $ 16550 $ 17750 $ A B C 37 Materials 38 Labor 39 OH 40 total costs from Beg WIP $ 41 Goods started and completed i $ 42 total cost of goods transferred $ 43 44 Work in Process-ending 45 Costs in current dept 46 Materials $ 47 Labor $ 48 OH $ 49 total wip $ 50 51 total costs accounted for 52 53 54 Problem 14-3 55 56 Fractioning Departments 57 Equivalent Production Computation 58 April SAN Eve Problems Acceny Good to go Type here to search $ HE
