Question Content Area Complete this production cost report: Enter all amount as positive values. If required round "Cost per unit" answers to two decimal place. Production Cost Report Beginning inventory 21,000 Started during the month 76,000 Total units to account for fill in the blank 1 Completed and transferred out 73,000 Ending work in process fill in the blank 2 Total units to account for fill in the blank 3 Work in process completion percent 100% 25% Materials Units Conversion Units Total Units Completed and transferred out 73,000 73,000 73,000 Ending work in process fill in the blank 4 fill in the blank 5 fill in the blank 6 Total units to account for fill in the blank 7 fill in the blank 8 fill in the blank 9 Costs to account for Materials Conversion Total Beginning work in process $3,500 $16,000 $19,500 Transferred in — — — Incurred during the period 25,600 47,200 72,800 Total costs to account for $fill in the blank 10 $fill in the blank 11 $fill in the blank 12 Equivalent units fill in the blank 13 fill in the blank 14 Cost per equivalent unit for department $fill in the blank 15 $fill in the blank 16 $fill in the blank 17 Transferred-out costs $fill in the blank 18 End work in process: materials $fill in the blank 19 End work in process: conversion fill in the blank 20 End work in process: total fill in the blank 21 Costs to account for $fill in the blank 22

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 32P: Refer to the data in Problem 6.31. Assume that the FIFO method is used. Required: 1. Prepare a...

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Question Content Area

Complete this production cost report: Enter all amount as positive values. If required round "Cost per unit" answers to two decimal place.

Production Cost Report
Beginning inventory	21,000
Started during the month	76,000
Total units to account for	fill in the blank 1
Completed and transferred out	73,000
Ending work in process	fill in the blank 2
Total units to account for	fill in the blank 3

Work in process completion percent	100%	25%
	Materials Units	Conversion Units	Total Units
Completed and transferred out	73,000	73,000	73,000
Ending work in process	fill in the blank 4	fill in the blank 5	fill in the blank 6
Total units to account for	fill in the blank 7	fill in the blank 8	fill in the blank 9


Costs to account for	Materials	Conversion	Total
Beginning work in process	$3,500	$16,000	$19,500
Transferred in	—	—	—
Incurred during the period	25,600	47,200	72,800
Total costs to account for	$fill in the blank 10	$fill in the blank 11	$fill in the blank 12
Equivalent units	fill in the blank 13	fill in the blank 14
Cost per equivalent unit for department	$fill in the blank 15	$fill in the blank 16	$fill in the blank 17

Transferred-out costs		$fill in the blank 18
End work in process: materials	$fill in the blank 19
End work in process: conversion	fill in the blank 20
End work in process: total		fill in the blank 21
Costs to account for		$fill in the blank 22

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