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Below is the FIFO Production Cost Report for Mauri's Dinosaur Catchers for the Month ended March 3 1 . MDC makes plastic Dinosaur toys that
Below is the FIFO Production Cost Report for Mauri's Dinosaur Catchers for the Month ended March MDC makes plastic
Dinosaur toys that catch plastic balls in their mouths. At the end of March, there were units in production that were
complete as to raw materials but only complete as to conversion costs. During April, the company started more units
and completed and transferred to finished goods inventory.
Costs from the April general ledger indicate the following:
Direct materials $ Note: You start working on row
Direct Labor $
Factory overehead $
The units in ending inventory at the end of April were complete as to direct materials and complete as to conversion costs.
Requirement : prepare the Production Cost Report on the FIFO basis for April.
Requirement : compute the perunit cost of finished goods transferred out for the month of April, rounded to the nearest penny.
Beginning workinprocess completed in
prior month
left to complete EUs
Direct Materials
Conversion Costs
Units started and completed complete EUs
Direct Materials
Conversion Costs
Units started but not completed completed
Direct Materials
Conversion Costs
Mauri's Dinosaur Catchers
Production Cost Report
Month Ended March
Equivalent Units
Physical Direct Conversion
UNITS Units Materials Costs
Units to account for:
Beginning workinprocess
Started in production
Total units to account for
Units accounted for:
Beginning workinprocess
Started and completed
Total units transferred to storeroom
Ending workinprocess
Total units accounted for
Direct Conversion Total
COSTS Materials Costs Costs
Costs to account for:
Beginning workinprocess $ $ $
Costs added during the period $ $ $
Total costs to account for $ $ $
Costs added during current period $ $
Divided by: Total EUP
Cost per equivalent unit $ $
Costs accounted for:
Beginning workinprocess $ $ $
Costs to complete $ $ $
Cost of workinprocess completed $ $ $
Started and completed $ $ $
Transferred to storeroom $ $ $
Ending workinprocess $ $ $
Total costs accounted for $ $ $
Cost of goods finished and transferred out $
# of units transferred to Finished Goods
Cost per unit $
Beginning workinprocess
completed in
prior month left to complete EUs
Direct Materials
Conversion Costs
Units started and completed complete EUs
Direct Materials
Conversion Costs
Units started but not completed completed
Direct Materials
Conversion Costs
Mauri's Dinosaur Catchers
Production Cost Report
Month Ended April
Equivalent Units
Physical Direct Conversion
UNITS Units Materials Costs
Units to account for:
Beginning workinprocess
Started in production
Total units to account for
Units accounted for:
Beginning workinprocess
Started and completed
Total units transferred to storeroom
Ending workinprocess
Total units accounted for
Direct Conversion Total
COSTS Materials Costs Costs
Costs to account for:
Beginning workinprocess
Costs added during the period
Total costs to account for
Costs added during current period
Divided by: Total EUP
Cost per equivalent unit
Costs accounted for:
Beginning workinprocess
Costs to complete
Cost of workinprocess completed
Started and completed
Transferred to storeroom
Ending workinprocess
Total costs accounted for
Cost of goods finished and transferred out
# of units transferred to Finished Goods
Cost per unitBelow is the FIFO Production Cost Report for Mauri's Dinosaur Catchers for the Month ended March MDC makes plastic
Dinosaur toys that catch plastic balls in their mouths. At the end of March, there were units in production that were complete
as to raw materials but only complete as to conversion costs. During April, the company started more units and
completed and transferred to finished qoods inventory.
Costs from the April general ledger indicate the following:
Note: You start yorking on ros
The units in ending inventory at the end of April were complete as to direct materials and complete as to conversion costs.
Requirement : prepare the Production Cost Report on the FIFO basis for April.
Requirement : compute the perunit cost of finished qoods transferred out for the month of April, rounded to the nearest penny.
Beginning workinprocess
Direct Materials
Conversion Costs
Units started and completed
Direct Materials
Conversion Costs
Units started but not completed
Direct Materials
Conversion CostsBeqinning workinprocess
Direct Material
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