A$.$ Physical Flow of Goods in the Grinding Department, January $20$XX:

Units in Pounds To Account For: Units in Pounds Accounted For:

Beginning Work$-$in$-$Process $0$ Transferred to Packaging Department $8,000,000$

Started in January $10,000,000$ Ending Work$-$in$-$Process $2,000,000$

Total Units To Account For Total Units Accounted For

B$.$ Equivalent Units of Production in the Grinding Department, January $20$XX:

Direct Materials Conversion

Transferred to Packaging

"From Ending Work$-$in$-$Process:

Materials $(100\%)$

Conversion $(80\%)"$

Total Equivalent Units in Pounds

C$.$ Cost per Equivalent Unit in the Grinding Department During January $20$XX

Estimated Overhead Cost for Year $$1,860,000$

Cycle Time in Hours $24$

January Hours $(31$ Days x $24$ Hours$)744$

Total Hours for Year $(348$ Days, Continuous$)8,352$

Predetermined Overhead Rate $($Grinding$)$ per Hour

Estimated Total Overhead Cost for Grinding Department for Year$/$Estimated Total Hours for Year

Direct Materials Cost $(10,000,000$ x $$0\mathrm{.}21)$ $$2,100,000\mathrm{.}00$

Direct Labor Cost $(14,000$ x $$15)$ $$210,000\mathrm{.}00$

Applied Overhead Cost

Total Cost

Direct Materials: $($Direct material cost from beginning work$-$in$-$process $+$ direct material cost added during the period$)/$Equivalent units for direct materials

Conversion: $($Conversion cost from beginning work$-$in$-$process $+$ conversion costs added during the period$)/$Equivalent units for conversion

Direct Materials Unit Cost per Equivalent Pound

Conversion Unit Cost per Equivalent Pound

D$.$ Under$/$Overapplied Overhead Cost in the Grinding Department During January $20$XX

Applied Overhead Cost

Less: Actual Overhead Cost $$180,000\mathrm{.}00$

Overhead Variance $($Underapplied if Negative$)$

E$.$ Cost of Slurry Transferred to the Packaging Department During January $20$XX

Direct Materials Cost

Conversion Cost

Total Cost Transferred to Packaging Department

F$.$ Cost of Ending Work$-$in$-$Process in the Grinding Department at the End of January $20$XX

Direct Materials Cost

Conversion Cost

Total Cost of Ending Work$-$in$-$Process

G$.$ Cost Reconciliation for the Grinding Department for January $20$XX

Costs to Account For: Costs Accounted For:

Cost of Beginning Work$-$in$-$Process $$0\mathrm{.}00$ Cost Transferred to Packaging

Cost Added in January $($as calculated in $($c$))$ Cost of Ending Work$-$in$-$Process

Total Costs to Account For Total Costs Accounted For

Use this information to complete the sheet

A$.$ Physical Flow of Goods in the Grinding Department, January $20$XX:

Units in Pounds To Account For: Units in Pounds Accounted For:

Beginning Work$-$in$-$Process $0$ Transferred to Packaging Department $8,000,000$

Started in January $10,000,000$ Ending Work$-$in$-$Process $2,000,000$

Total Units To Account For Total Units Accounted For

B$.$ Equivalent Units of Production in the Grinding Department, January $20$XX:

Direct Materials Conversion

Transferred to Packaging

"From Ending Work$-$in$-$Process:

Materials $(100\%)$

Conversion $(80\%)"$

Total Equivalent Units in Pounds

C$.$ Cost per Equivalent Unit in the Grinding Department During January $20$XX

Estimated Overhead Cost for Year $$1,860,000$

Cycle Time in Hours $24$

January Hours $(31$ Days x $24$ Hours$)744$

Total Hours for Year $(348$ Days, Continuous$)8,352$

Predetermined Overhead Rate $($Grinding$)$ per Hour

Estimated Total Overhead Cost for Grinding Department for Year$/$Estimated Total Hours for Year

Direct Materials Cost $(10,000,000$ x $$0\mathrm{.}21)$ $$2,100,000\mathrm{.}00$

Direct Labor Cost $(14,000$ x $$15)$ $$210,000\mathrm{.}00$

Applied Overhead Cost

Total Cost

Direct Materials: $($Direct material cost from beginning work$-$in$-$process $+$ direct material cost added during the period$)/$Equivalent units for direct materials

Conversion: $($Conversion cost from beginning work$-$in$-$process $+$ conversion costs added during the period$)/$Equivalent units for conversion

Direct Materials Unit Cost per Equivalent Pound

Conversion Unit Cost per Equivalent Pound

D$.$ Under$/$Overapplied Overhead Cost in the Grinding Department During January $20$XX

Applied Overhead Cost

Less: Actual Overhead Cost $$180,000\mathrm{.}00$

Overhead Variance $($Underapplied if Negative$)$

E$.$ Cost of Slurry Transferred to the Packaging Department During January $20$XX

Direct Materials Cost

Conversion Cost

Total Cost Transferred to Packaging Department

F$.$ Cost of Ending Work$-$in$-$Process in the Grinding Department at the End of January $20$XX

Direct Materials Cost

Conversion Cost

Total Cost of Ending Work$-$in$-$Process

G$.$ Cost Reconciliation for the Grinding Department for January $20$XX

Costs to Account For: Costs Accounted For:

Cost of Beginning Work$-$in$-$Process $$0\mathrm{.}00$ Cost Transferred to Packaging

Cost Added in January $($as calculated in $($