Cleaning Department

Cost of Production Report

For the Month of XX

Quantity Schedule Units

(a) Quantity to be Accounted For:
Work in Process-Beginning 60000
Started in Process 100000
Total to be Accounted For 160000
(b) Quantity Accounted For:
Transferred Out to Next Department 120000
Work in Process-Ending 40000
Total Accounted For 160000

Cost Schedule Total Cost Equivalent Units Unit Cost

(c ) Costs to be Accounted For:
Costs Incurred in this Department
Materials : Beginning Work in Process 87000
Added this Month 132000
Total Materials 219000 120000 ₱1.825
Conversion Costs : Beginning Work in Process 39800
Added this Month 100000
Total Conversion Costs 139800 124000 1.1274
Total Costs to be Accounted For 358800 2.9524
(d) Cost Accounted For :
Transferred Out to Next Department 354,290 120000 2.9524
Work in Process-Ending
Costs Incurred in this Department
Materials 0 0 1.825
Conversion Cost 4,510 4000 1.1274
Total Work in Process 4,510
Total Costs Accounted For 358,800
 Cleaning Department
Cost of Production Report
For the Month of XX

Quantity Schedule Units

(a) Quantity to be Accounted For:
Work in Process-Beginning 60000
Started-Current Month 100000
Total to be Accounted For 160000
(b) Quantity Accounted For:
Transferred Out to Next Department
From Beginning Work in Process 60000
Started and Completed 60000 120000
Work in Process-Ending 40000
Total Accounted For 160000

Cost Schedule Total Cost Equivalent Units

(c ) Costs to be Accounted For:
Work in Process-Beginning 126800
Cost Incurred in Current Month
Costs Incurred in this Department
Materials 132000 120000
Conversion Costs 100000 109000
Total Costs in this Department 232000
Total Costs to be Accounted For 358800
(d) Cost Accounted For :
Transferred Out to Next Department
From Beginning WIP Inventory 126800
Current Month Costs:
Materials 66,000 60000
Conversion Costs 41,284 45000
Costs of Completed Beginning WIP 234,084 60000
Started and Completed 121,046 60000
Total Costs of Transferred Out 355,130 120000
Work in Process-Ending
Costs in this Department
Materials 0 0
Conversion Costs 3,670 4000
Total 3,670
Total Costs Accounted For 358,800
Unit Cost

₱1.10
0.92
2.02

1.10
0.92
3.90
2.02
2.96

1.10
0.92
 Assembly Department
Cost of Production Report
For the Month of XX

Quantity Schedule Units

(a) Quantity to be Accounted For:
Work in Process-Beginning 25000
Transferred In- Current Month 120000
Total to be Accounted For 145000
(b) Quantity Accounted For:
Transferred Out to Next Department 79000
Work in Process-Ending 66000
Total Accounted For 145000

Cost Schedule Total Cost Equivalent Units Unit Costs

(c ) Costs to be Accounted For:
Costs Transferred In From Prior Dept.
Work in Process- Beginning
Transferred In-Current Month 354290
Total Transferred In Costs 354290 145000 ₱2.44
Costs Incurred in this Department
Materials : Beginning Work in Process 146200
Added this Month 99500
Total Materials 245700 79000 3.11
Conversion Costs : Beginning Work in Process 177000
Added this Month 184000
Total Conversion Costs 361000 100120 3.61
Total Costs in this Department 606700 6.72
Costs To Account For 960990 9.16
(d) Cost Accounted For :
Transferred Out to Next Departent 631,983 69000 9.16
Work in Process-Ending
Retained Units 91,592 10000 9.16
Trans. In Costs From Prior Department 161,263 66000 2.44
Costs Incurred in this Department
Materials 0 0 3.11
Conversion Cost 76,152 21120 3.61
Total Work in Process 329,007
Total Costs Accounted For 960,990
 Assembly Department
Cost of Production Report
For the Month of XX

Quantity Schedule Units

(a) Quantity to be Accounted For:
Work in Process-Beginning 25000
Started / Transferred In 120000
Total to be Accounted For 145000
(b) Quantity Accounted For:
Transferred Out to Next Department
From Beginning Work in Process 25000
Started and Completed 54000 79000
Work in Process-Ending 66000
Total Accounted For 145000

Cost Schedule Total Cost Equivalent Units Unit Costs

(c ) Costs to be Accounted For:
Work in Process-Beginning 323200
Cost Incurred This Month
Transferred In Costs from Prior Dept. 355,130 120000 ₱2.96
Costs Added in this Department
Materials 99500 89000 1.12
Conversion Costs 184000 100120 1.84
Total Costs Added 283500 2.96
Total Costs this Month 638,630 5.92
Toat costs to be Accounted For 961,830
(d) Cost Accounted For
Transferred Out to Next Department
From Beginning Work in Process 323200
Costs Added This Month
Materials 27,949 25000 1.12
Conversion Costs 27,567 15000 1.84
Total Costs of Completed BWIP 378,716 25000 15.15
Started and Completed 319,420 54000 5.92
Total Costs of Units Transferred Out 698,137 69000 10.12
Work in Process- Ending
Retained Units 29,558 10000 2.96
Tansferred In Costs From Prior Dept 195,322 66000 2.96
Costs Incurred in this Department
Materials 0 0 1.12
Conversion Costs 38,814 21120 1.84
Total Work in Process 263,694
Total Costs Accounted For 961,830
 Finishing Department
Cost of Production Report
For the Month of XX

Quantity Schedule Units

(a) Quantity to be Accounted For:
Work in Process-Beginning 90000
Transferred In- Current Month 69000
Total to be Accounted For 159000
(b) Quantity Accounted For:
Transferred Out to Finished Goods 74500
Work in Process-Ending 84500
Total Accounted For 159000

Cost Schedule Total Cost Equivalent Units Unit Cost

(c ) Costs to be Accounted For:
Costs Transferred In From Prior Dept.
Work in Process- Beginning
Transferred In-Current Month 631,983 159000 ₱3.97
Total Transferred In Costs 631,983
Costs Incurred in this Department
Materials : Beginning Work in Process 172000
Added this Month 60050
Total Materials 232050 159000 1.46
Conversion Costs : Beginning Work in Process 32900
Added this Month 47300
Total Conversion Costs 80200 150550 0.53
Total Costs in this Department 312250 1.99
Costs To Account For 944,233 5.97
(d) Cost Accounted For :
Transferred Out to Finished Goods 444,533 74500 5.97
Work in Process-Ending
Costs From Prior Department 335,865 84500 3.97
Costs Incurred in this Department
Materials 123,322 84500 1.46
Conversion Cost 40,513 76050 0.53
Total Work in Process 499,700
Total Costs Accounted For 944,233
 Finishing Department
Cost of Production Report
For the Month of XX

Quantity Schedule Units

(a) Quantity to be Accounted For:
Work in Process-Beginning 90000
Started / Transferred In 69000
Total to be Accounted For 159000
(b) Quantity Accounted For:
Transferred Out to Finished Goods
From Beginning Work in Process 74500
Started and Completed 0 74500
Work in Process ending 84500
Total Accounted For 159000

Cost Schedule Total Cost Equivalent Units

(c ) Costs to be Accounted For:
Work in Process-Beginning 204900
Cost Incurred This Month
Transferred In Costs from Prior Dept. 698,137 84500
Costs Added in this Department
Materials 60050 84500
Conversion Costs 47300 98400
Total Costs Added 107350
Total Costs this Month 805,487
Toat costs to be Accounted For 1,010,387
(d) Cost Accounted For
Transferred Out to Finished Goods
From Beginning Work in Process 204,900
Costs Added This Month
Materials 0 0
Conversion Costs 10,743 22350
Total Costs of Completed BWIP 215,643 90000
Started and Completed 0 0
Total Costs of Units Transferred Out 215,643 74500
Work in Process- Ending
From Beginning
Tansferred In Costs From Prior Dept 698,137 84500
Costs Incurred in this Department
Materials 60,050 84500
Conversion Costs 36,557 76050
Total Work in Process 794,744
Total Costs Accounted For 1,010,387
Unit Costs

₱8.26

0.71
0.48
1.19
9.45

0.71
0.48
2.40
0
2.89

8.26

0.71
0.48
ENDING INVENTORY TO BE REPORTED ON ENTITY'S BALANCE SHEET
AVERAGE FIFO
Cleaning Department 4510 3670
Assembly Department 329007 263694
Finishing Department 499 700 794 744

GROSS PROFIT
AVERAGE FIFO
Units transferred out 74500 Units transferred out 74500
₱600.00 ₱600.00
Sales ₱44,700,000 Sales ₱44,700,000
Cost of Units Transferred Out 444533 Cost of Units Transferred Out 215643
Gross Profit ₱44,255,467 Gross Profit ₱44,484,357