(I HAVE ALREADY COMPLETED A PRODUCTION COST REPORT FOR DEPARTMENT A AND HAVE PUT TOGETHER THE PRODUCTION COST REPORT FOR DEPARTMENT B, BUT MY NUMBERS AREN'T COMING OUT RIGHT FOR DEPARTMENT B - PLEASE HELP!)

Put together a production cost report.

Shine Company uses a process cost system to account for the costs incurred in making its single product, a hair conditioner. This product is processed in Department A and then in Department B. Materials are added in both departments. Production for May was as follows:

DEPARTMENT A Production Cost Report For the Month Ended May 31, 2019 Units in beginning inventory Units started during period Units to be accounted for Units completed and transferred out Units in ending inventory Units accounted for Costs Costs to be accounted for: Costs added during the month: Direct materials Conversion Costs added in month and costs to be accounted for Costs accounted for: Cost of ending inventory: Direct materials (40,000 x 100% at $1) Conversion (40,000 x 50% x $3) Total cost of ending inventory Cost of 160,000 units transferred out Costs accounted for 0 2 00, 000 2 00, 000 160,000 40,000 2 00, 000 Total C ost Equivalent Units 200,000 S 200,000 180,000 S 540,000 S ?40,000 40,000 60,000 640,000 mmmmm 1 00, 000 740, 000 Current Unit Cast in 00 Materials Conversion Computations of equivalent units: Equivalent units to complete beginning inventory 0 0 Units started and completed 160,000 160,000 Equivalent units in partially completed ending inventory 40,000 20,000 Equivalent units of production for month 200,000 180,000 Department Department A B Units started or transferred in 200,000 160,000 Units completed and transferred out 160,000 120,000 Stage of completion of May 31 inventory: Materials 100% 80% Conversion 50% 40% Costs incurred this month: Direct materials costs $200,000 $304,000 Conversion costs $540,000 $272,000DEPARTMENTB Materials Conversion Transferred-in Production Cost Report Computations of equivalent units: For the Month Ended May 31, 2019 Equivalent units to complete beginning inventory 0 0 0 Units in beginning inventory 0 Units started and completed 120,000 120,000 120,000 Units started during period 160,000 Equivalent units in partially completed ending inventory 32,000 16,000 40,000 Units to be accounted for 160,000 Equivalent units of production for month 152,000 136,000 160,000 Units completed and transferred out 120,000 Units in ending inventory 40,000 Units accounted for 160,000 Equivalent Total Current Costs Units Cost Unit Cost Costs to be accounted for: Costs added during the month: Direct materials 152,000 5 304,000 5 2 Conversion 136,000 5 272,000 5 2 Costs added during the month 5 576,000 5 4 Costs in beginning inventory 5 Costs transferred in from Department A 160,000 5 640,000 5 4 Total costs to be accounted for $1,216,000 Costs accounted for: Cost of ending inventory: Transferred in from Department A (120,000 units at $4} 3 480,000 Direct materials (40,000 x 80% x 52) 5 192,000 Conversion (40,000 x 40% x 52) 5 96,000 Total cost of ending inventory 5 168,000 Cost of 120,000 units transferred out 5 480,000 5 4 Costs accounted for $1,248,000