P.

4-29
CircleD Fastener Corporation
Cost of production Report - Weighted Average Method
For the Month Ended 30 June XX

Quantity Schedule
Work in Process (WIP) 1 June (35%
Conversion Cost) 30000 Transfered to next Department 40000
Work in Process (WIP) 30 June (100%
Received from previous Department DM, 75% Conversion Cost) 24000
Incurred Quantity During June 34000
Total Quantity to account for 64000 Total units accounted for 64000

Cost to account for TOTAL COST UNIT COST

Work in Process (WIP) 1 June Transfered to next Department
Direct Material 147600 (40,000 x 54.5) 2180000 (A)
Conversion Cost 623400 Transfered to next Department 2180000
Received from previous Department
Work in Process (WIP) 1 June 771000

Incurred Cost During June Work in Process (WIP) 30 June

Direct Material 201200 5.450 Direct Material 130800 (24,000 x 100% x 5.450)
Conversion Cost 2221500 49.050 Conversion Cost 882900 (24,000 x 75% x 49.050)
Received from previous Department 0.000 Received from previous Department (24,000 x 0% x 0)
Incurred Cost During June 2422700 54.500 Work in Process (WIP) 30 June 1013700
Total costs to account for 3193700

Jurnal atas:
(A) Finished Goods Inventory 2180000
Work in Process Inventory 2180000
Additional Computation:
Transfered
Equivalent Unit to next 30 June Balance
= Department +
Equivalent Unit for:
Received from previous Department
= +
= +

Direct Material = 40000 +(24,000 x 100%)

64000 = 40000 + 24000

Conversion Cost = 40000 + (24,000 x 75%)

58000 = 40000 + 18000
Additional Computation:

Cost Per
Equivalent
Description = = Total Cost : Unit Cost
Work in Incurred Unit
Process + Cost During
(WIP) 1 June June
Unit Cost for:
Received from previous Department
= + = : 0.000
Direct Material = 147600 + 201200 = 348800 : 64000 5.450
Conversion Cost = 623400 + 2221500 = 2844900 : 58000 49.050
TOTAL UNIT COST
54.500