Process Costing Report - Cooking Department for January 2014
			Percentage completed			Equivalent units
	Total		Direct materials	Conversion		Direct materials	Conversion
Units
Beginning WIP inventory
Units started
Units available
Units completed			100%	??
Ending WIP inventory			??	40%
Units accounted for
	Total $
Costs
Beginning WIP inventory
Costs added this month
Total costs in process
Cost per equivalent unit ($)						$ per EU	$ per EU
Cost assignment
Units completed
Ending WIP inventory
Total costs

Process Costing Extra Credit Curry Co. produces curry sauce using two processes: cooking and bottling. The company's accountant has produced the following process costing data for January 2014: Curry Co - Process costing data for January 2014 Cooking Bottling Dept Dept Units Beginning Work in progress (WIP), units 400 3,500 Units started in production this month 31,000 See Cooking Units completed and transferred out during the month 29,000 29,000 Completion percentage at end of month: Ending WIP, direct materials added (%) 90% 25% Ending WIP, conversion work performed (%) 40% 25% Costs Beginning WIP, costs added in prior periods: Transferred in costs $28,000 Direct materials $11,000 $1,000 Conversion cost: direct labor $3,000 $2,000 Conversion cost: overhead applied $6,000 $3,000 Costs added to process during month: Direct materials $80,000 $14,000 Conversion cost: direct labor $38,000 $20,000 Conversion cost: overhead applied $110,000 $35,000 Required: Using the data provided above and the template on the next page, prepare the process costing report for the Cooking Department for January 2014. (Hint: complete the cells shaded in grey)