Percent Completed Units Cost 10 5 11 6 Work in process, beginning 12 7 Materials added 13 8 Conversion costs incurred 14 9 Units completed during month 15 10 Work in process, ending 40% 60,000 $94,800 150,000 210,000 70% 30,000 18 12 Answer Section Porter Enterprises 9 13 Cost of Production Report For Month of June 21 15 22 16 23 17 1) Units to account for: 24 18 25 19 Beg. work in proc. 26 20 Units started 27 21 28 22 Total units to be 2 23 accounted for 210,000 Units completed End. work in proc Total units Accounted for 60,000 FORMULA1 240,000 33 24 2) Costs to account for 34 25 35 26 36 27 Beginning work in process 37 28 Materials added 3 29 Conversion costs incurred 39 30 40 31 Total $94,800 Total costs 844,800 33 3) Equivalent unit computations: Equivalent units 45 34 46 35 47: 36 48 37 49 38 Beginning work in process 0 39 Units started and completed 51 40 Ending work in process 52 41 53 42 54 43 55 44 Total Materials Conver. 60,000 FORMULA2 FORMULA3 FORMULA4 FORMULAS FORMULAB 30,000 FORMULA7 FORMULAB Total units to be Accounted for 60 46 4 Costs per equivalent unit: Materials Conver FORMULA9 FORMULA10 47 (Rounded to nearest cent FORMULA11 49 50 51 Total unit cost (materials+ conversion) 5) Production cost allocation: Beginning work in process: 72 52 Prior period cost 73 63 Conversion of beginning work in process 74 54 5 55 Units started and completed 76 68 Ending work in process 7 57 Materials 78 58 Conversion FORMULA12 FORMULA13 $0 FORMULA14 FORMULA15 FORMULA16 59 60 Total ending work in process Total costs accounted for 82 $0 PROCESS Current ORIGINAL +