Question
The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process.
The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process.
Work in process, January 1, 13,800 units, 75% completed | $155,940* | |
*Direct materials (13,800 $8) | $110,400 | |
Conversion (13,800 75% $4.4) | 45,540 | |
$155,940 | ||
Materials added during January from Weaving Department, 212,400 units | $1,731,060 | |
Direct labor for January | 423,245 | |
Factory overhead for January | 517,300 | |
Goods finished during January (includes goods in process, January 1), 214,800 units | ||
Work in process, January 31, 11,400 units, 40% completed |
Question Content Area
a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places.
Karachi Carpet Company
Cost of Production Report-Cutting Department
For the Month Ended January 31
Units charged to production: | Number of Units | |
---|---|---|
Inventory in process, January 1 | fill in the blank a17439ff7f8d07b_1 | |
Received from Weaving Department | fill in the blank a17439ff7f8d07b_2 | |
Total units accounted for by the Cutting Department | fill in the blank a17439ff7f8d07b_3 |
Units to be assigned costs: | Equivalent Units | ||
---|---|---|---|
Whole Units | Direct Materials | Conversion | |
Inventory in process, January 1 | fill in the blank a17439ff7f8d07b_4 | fill in the blank a17439ff7f8d07b_5 | fill in the blank a17439ff7f8d07b_6 |
Started and completed in January | fill in the blank a17439ff7f8d07b_7 | fill in the blank a17439ff7f8d07b_8 | fill in the blank a17439ff7f8d07b_9 |
Transferred to finished goods in January | fill in the blank a17439ff7f8d07b_10 | fill in the blank a17439ff7f8d07b_11 | fill in the blank a17439ff7f8d07b_12 |
Inventory in process, January 31 | fill in the blank a17439ff7f8d07b_13 | fill in the blank a17439ff7f8d07b_14 | fill in the blank a17439ff7f8d07b_15 |
Total units to be assigned costs | fill in the blank a17439ff7f8d07b_16 | fill in the blank a17439ff7f8d07b_17 | fill in the blank a17439ff7f8d07b_18 |
Costs per equivalent unit: | Direct Materials | Conversion | |
Total costs for January in Cutting Department | $fill in the blank a17439ff7f8d07b_19 | $fill in the blank a17439ff7f8d07b_20 | |
Total equivalent units | fill in the blank a17439ff7f8d07b_21 | fill in the blank a17439ff7f8d07b_22 | |
Cost per equivalent unit | $fill in the blank a17439ff7f8d07b_23 | $fill in the blank a17439ff7f8d07b_24 | |
Costs assigned to production: | |||
Direct Materials | Conversion | Total | |
Inventory in process, January 1 | $fill in the blank a17439ff7f8d07b_25 | ||
Costs incurred in January | fill in the blank a17439ff7f8d07b_26 | ||
Total costs accounted for by the Cutting Department | $fill in the blank a17439ff7f8d07b_27 | ||
Cost allocated to completed and partially completed units: | |||
Inventory in process, January 1 balance | $fill in the blank a17439ff7f8d07b_28 | ||
To complete inventory in process, January 1 | $fill in the blank a17439ff7f8d07b_29 | fill in the blank a17439ff7f8d07b_30 | |
Cost of completed January 1 work in process | $fill in the blank a17439ff7f8d07b_31 | ||
Started and completed in January | $fill in the blank a17439ff7f8d07b_32 | fill in the blank a17439ff7f8d07b_33 | fill in the blank a17439ff7f8d07b_34 |
Transferred to finished goods in January | $fill in the blank a17439ff7f8d07b_35 | ||
Inventory in process, January 31 | fill in the blank a17439ff7f8d07b_36 | fill in the blank a17439ff7f8d07b_37 | fill in the blank a17439ff7f8d07b_38 |
Total costs assigned by the Cutting Department | $fill in the blank a17439ff7f8d07b_39 | ||
Question Content Area
b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December). If required, round your answers to two decimal places.
Increase or Decrease | Amount | |
Change in direct materials cost per equivalent unit | DecreaseIncrease | $fill in the blank c1ab08ffa00a06a_2 |
Change in conversion cost per equivalent unit | DecreaseIncrease | $fill in the blank c1ab08ffa00a06a_4 |
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