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Badgersize Company has the following information for its Forming Department for the month of August: Work in Process Inventory, August 1: 20,000 units Direct materials:

Badgersize Company has the following information for its Forming Department for the month of August:

Work in Process Inventory, August 1: 20,000 units
Direct materials: 100% complete $ 80,000
Conversion: 20% complete 24,000
Balance in work in process, August 1 $ 104,000
Units started during August 50,000
Units completed and transferred in August 60,000
Work in process (70% complete), August 31 ?
Costs charged to Work in Process in August
Direct materials $ 150,000
Conversion costs:
Direct labor $ 120,000
Overhead applied 132,000
Total conversion $ 252,000

Assume materials are added at the start of processing.

Instructions

a.

Complete a production cost report for the Badgersize Company Forming Department for the month of August.

Part I. Physical Flow Total Units Inputs: Beginning WIP ? Started ? Units to account for: ? Outputs: Units completed ? Ending WIP ? Units accounted for: ? Part II. Equivalent Units Consumed Direct Materials Conversion Costs Based on monthly input: Finish BWIP ? ? Start new units ? ? Equivalent units of input ? ? Based on monthly output: ? ? Transferred units ? ? EWIP units ? ? ? ? Equivalent units of output Part III. Cost Per Equivalent Unit Total Unit Cost Direct Materials Conversion Costs Input costs in August $ ? $ ? Divide by equivalent units, August ? ? Costs per equivalent unit, Aug. $ ? $ ? $ ? Part IV. Total Cost Assignment Total Costs Direct Materials Conversion Costs Costs to account for: Cost of beginning WIP $ ? Cost added during the period ? Total cost to account for $ ? Costs accounted for: Cost of goods transferred BWIP, August 1 $ ? $ ? $ ? To finish BWIP ? ? ? Units started and completed ? ? ? Total cost transferred $ ? $ ? $ ? Add ending WIP ? ? ? Total cost accounted for $ ? $ ? $ ?

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