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Flow of Production Units Units to be accounted for: Beginning WIP inventory Units started this period Total units to be accounted for Units accounted for. Units completed and transferred out: From beginning inventory Started and completed currently Units in ending WIP inventory Total units accounted for Costs to be accounted for. Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Prior department costs Materials Labor Manufacturing overhead Costs accounted for. Costs assigned to units transferred out: Costs from beginning WIP inventory Cument costs added to completa beginning WIP inventory: Prior department costs Materials Labor Manufacturing overhead Total costs from beginning inventory Current costs of units started and completed Prior department costs Materials Labor Manufacturing overhead Total costs of units started and completed Total costs of units transfered out Costs assigned to ending WIP inventory. Prior department costs Materials Labor Manufacturing overhead Total ending WIP inventory Total costs accounted for MERCIER MANUFACTURING Fabricating Department Production Cost Report-FIFO Phycloal Units Total Costs Prior Department Materials Costs 0 ol Labor Manufacturing Overhead 0 $ 0 $ 0 $ 0 $ $ 0 $ $ $ 0 $ 0 $ $

Flow of Production Units Units to be accounted for: Beginning WIP inventory Units started this period Total units to be accounted for Units accounted for. Units completed and transferred out: From beginning inventory Started and completed currently Units in ending WIP inventory Total units accounted for Costs to be accounted for. Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Prior department costs Materials Labor Manufacturing overhead Costs accounted for. Costs assigned to units transferred out: Costs from beginning WIP inventory Cument costs added to completa beginning WIP inventory: Prior department costs Materials Labor Manufacturing overhead Total costs from beginning inventory Current costs of units started and completed Prior department costs Materials Labor Manufacturing overhead Total costs of units started and completed Total costs of units transfered out Costs assigned to ending WIP inventory. Prior department costs Materials Labor Manufacturing overhead Total ending WIP inventory Total costs accounted for MERCIER MANUFACTURING Fabricating Department Production Cost Report-FIFO Phycloal Units Total Costs Prior Department Materials Costs 0 ol Labor Manufacturing Overhead 0 $ 0 $ 0 $ 0 $ $ 0 $ $ $ 0 $ 0 $ $

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 10E
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Flow of Production Units Units to be accounted for: Beginning WIP inventory Units started this period Total units to be accounted for Units accounted for. Units completed and transferred out: From beginning inventory Started and completed currently Units in ending WIP inventory Total units accounted for Costs to be accounted for. Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Prior department costs Materials Labor Manufacturing overhead Costs accounted for. Costs assigned to units transferred out: Costs from beginning WIP inventory Cument costs added to completa beginning WIP inventory: Prior department costs Materials Labor Manufacturing overhead Total costs from beginning inventory Current costs of units started and completed Prior department costs Materials Labor Manufacturing overhead Total costs of units started and completed Total costs of units transfered out Costs assigned to ending WIP inventory. Prior department costs Materials Labor Manufacturing overhead Total ending WIP inventory Total costs accounted for MERCIER MANUFACTURING Fabricating Department Production Cost Report-FIFO Phycloal Units Total Costs Prior Department Materials Costs 0 ol Labor Manufacturing Overhead 0 $ 0 $ 0 $ 0 $ $ 0 $ $ $ 0 $ 0 $ $
Transcribed Image Text:Flow of Production Units Units to be accounted for: Beginning WIP inventory Units started this period Total units to be accounted for Units accounted for. Units completed and transferred out: From beginning inventory Started and completed currently Units in ending WIP inventory Total units accounted for Costs to be accounted for. Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Prior department costs Materials Labor Manufacturing overhead Costs accounted for. Costs assigned to units transferred out: Costs from beginning WIP inventory Cument costs added to completa beginning WIP inventory: Prior department costs Materials Labor Manufacturing overhead Total costs from beginning inventory Current costs of units started and completed Prior department costs Materials Labor Manufacturing overhead Total costs of units started and completed Total costs of units transfered out Costs assigned to ending WIP inventory. Prior department costs Materials Labor Manufacturing overhead Total ending WIP inventory Total costs accounted for MERCIER MANUFACTURING Fabricating Department Production Cost Report-FIFO Phycloal Units Total Costs Prior Department Materials Costs 0 ol Labor Manufacturing Overhead 0 $ 0 $ 0 $ 0 $ $ 0 $ $ $ 0 $ 0 $ $
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