Data Section: Cost of Production Report Units Transfers In DM Added Conversion or DL Added Overhead Transfers In DM Added DL Added or Conv Overhead...
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L Corp. produces exterior latex paint, which it sells in one-gallon containers. The company has two processing

departments-Base Fab and Finishing. White paint, which is used as the base for all the company's paints, is mixed from raw ingredients in the Base Fab Department. Pigments are added to the basic white paint, the pigmented paint is squirted under pressure into one-gallon containers, and the containers are labeled and packed for shipping in the Finishing Department. Information relating to the company's operations for April follows:

Production data: Units

 Units (gallons) in process, April 1: Materials 100% complete, labor and overhead 60% complete: 30,000

 Units (gallons) started into production during April : 420,000

 Units (gallons) completed and transferred to the Finishing department : 370,000

 Units (gallons) in process, April 30: Materials 50% complete, labor and overhead 25% complete 75,000

Cost data:

Work in Process, inventory, April 1:

 Materials $93,625 

 Labor $20,438 

 Overhead $35,875 

 Total cost of work in processs $149,938 

Cost added during April:

 Materials $851,000 

 Labor $330,000 

 Overhead $665,000 

 Total cost added during April $1,846,000 

Losses are considered DISCRETE and are found at the end of production. Any losses over 1% of completed units are considered abnormal.


For the Base Fab determine the equivalent units of production for direct materials, direct labor and overhead if the company uses weighted average method.

a)Calculate the number of normal losses.

b) Calculate the number of abnormal losses.

c) Calculate the units started and completed.

d) Calculate the equivalent units of production for direct materials.

e) Calculate the equivalent units of production for direct labor and overhead.

f) What is the amount to be transferred to Finishing Department?

g) What is the value of Ending Base Fab WIP Inventory?


file:///var/filecabinet/temp/converter_assets/d0/7a/qattachments_d07ac0249f8b834a929aedd6c976316436bd3bbf.xlsx Form (9) 1 04/29/2017 10:50:01 Prob. Cost of Production Report Conversion or Data Section: Units Transfers In DM Added DL Added Overhead Beg WIP: Beg WIP-% Complete: Beg WIP-$ Cost: Units Started: Costs Added or Accretion: End WIP: End WIP-% Complete: Units Complete: Losses- Normal Losses-% Complete: Losses - Abnormal Losses-% Complete: Cost Method: Weighted Avg. Solutions: EUPs Units Transfers In DM Added DL Added or Conv Overhead Beg WIP +Units Started Units to Acct for Beg WIP completion +Started & Completed =Tot Units completed +End WIP + Normal Loss +Abnormal Loss Units Accted For EUP's--B COST / EUP'S Totals Beg WIP-Cost Costs Added Costs Incurred--A Unit Cost per EUP (A/B) Transfers Out End WIP Losses - Normal WA Losses - Abnormal Costs Accounted For / EUPs
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Demp Pr 6.34 Found Sound Factory 1000 WIP Fin Goods | Beg DM $ 4,133.20 60% DM Beg CC $ 873.10 CoGM CoGM Started 30% CC Start & Complete $ 5,006.30 $89,090 $89,090 8400 8100 DM Added $ 62,928.00 9100 units 9100 units DL Added $ 13,070.00 OH Applied $ 10,357.00 $ 91,361.30 80% DM End DM $1,723 70% CC End CC $548 $2,271 Units Complete and Trans Out WIP $ 62,928.00 9100 RM $ 62,928.00 Material Requisitions WIP DL $ 13,070.00 Wages Payable $ 13,070.00 DL payroll accrued WIP $ 10,357.00 MOH $ 10,357.00 Apply OH Fin Goods $89,090 WA WIP $89,090 Move goods to warehouse (CoGM) Beg 1,000 End 300
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Data Section: Cost of Production Report Units Transfers In 100.00%
$93,625 Beg WIP-% Complete:
Beg WIP-$ Cost: 420,000 Units Started: $851,000 Costs Added or Accretion: 75,000 End WIP: 50.00%...

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