Cost of Production Report
Cost of Production Report - Blending Department (1st Department):
Learning Objective:
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2.í¥¾ìí¥¾ìí¥¾ìí¥¾ìí¥¾ìí¥¾ìí¥¾ï¿¿ï¿¿è￿þí¤Ëºì ͹ïϸêÑ·ïÓ¶ìÕµí¤×´ìÙ³í¤Û²ìݱí¤ß°ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿Õµí¤×´ìÙ³í¤Û²ìݱí¤ß°ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿í¥¶ïìí©°ìí¥®ìí¥®ìí¥®ìí¥®ìí¥®ìí¥®ìí¥®ï¿¿ï¿¿í©°ï¿¿í©°Ç¼ï¿¿Å½ How equivalent units are calculated in a process costing system?
3.ì¸Ù³í°Û²ëݱí ß°ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿bolîµííº³ííº²íí²°íí²°ï´ï¥ëí«ï¿¿ï¿¿èî»î°î¸Ëºî¬Í¹î¬Ï¸îÑ·î Ó¶îÕµî×´í°Ù³í¼Û²ïݱïß°ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿Õµî×´í°Ù³í¼Û²ïݱïß°ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ How the lost units are treated in the cost of production report of first department?
The cost of production report of the Blending Department, the originating department of The Clonex Corporation, is shown below. It illustrates the detailed computations needed to complete a cost of production report.
The Clonex Corporation
Blending Department (1st Dept.)
Cost of Production Report
For the Month of January, 19Â Â Â Â Â Â Â Â
Quantity Schedule: Â Â
Units started in process  50,000
======
Units transferred to next department 45,000 Â
Units still in process (all materials - 1/2 labor and FOH) 4,000 Â
Units lost in process 1,000
------- 50,000
======
Cost Charged To the Department: Total
Cost unit
Cost
Cost added by the department:
Materials $24,500 $0.50
Labor 29,140 0.62
Factory Overhead (FOH) 28,200
------- 0.60
-----
Total cost to be accounted for $81,840 $1.72
 ====== ====
Cost Accounted for as Follows: Â Â
Transferred to next department (45,000 Ã $1.72) Â $77,400
Work in process - ending inventory:
Materials (4,000 Ã
Learning Objective:
1.Øî¨ Ârialï¿í¿¿ï¿í¿¿ï¿í¿¿ï¿í¿¿ï¿í¿¿ï¿í¿¿ï¿í¿¿ï¿*ï¿í¿¿ï¿í¿¿ï¿í¿¿ï¿í¿¿ï¿í¿¿ï¿í¿¿ï¿í¿¿ï¿í¿¿ï¿*ï¿*ï¿ï¼ï¿Ýæ®î¼ ׿ Prepare a cost of production report of first department in a process costing system.
2.í¥¾ìí¥¾ìí¥¾ìí¥¾ìí¥¾ìí¥¾ìí¥¾ï¿¿ï¿¿è￿þí¤Ëºì ͹ïϸêÑ·ïÓ¶ìÕµí¤×´ìÙ³í¤Û²ìݱí¤ß°ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿Õµí¤×´ìÙ³í¤Û²ìݱí¤ß°ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿í¥¶ïìí©°ìí¥®ìí¥®ìí¥®ìí¥®ìí¥®ìí¥®ìí¥®ï¿¿ï¿¿í©°ï¿¿í©°Ç¼ï¿¿Å½ How equivalent units are calculated in a process costing system?
3.ì¸Ù³í°Û²ëݱí ß°ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿bolîµííº³ííº²íí²°íí²°ï´ï¥ëí«ï¿¿ï¿¿èî»î°î¸Ëºî¬Í¹î¬Ï¸îÑ·î Ó¶îÕµî×´í°Ù³í¼Û²ïݱïß°ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿Õµî×´í°Ù³í¼Û²ïݱïß°ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ï¿¿ How the lost units are treated in the cost of production report of first department?
The cost of production report of the Blending Department, the originating department of The Clonex Corporation, is shown below. It illustrates the detailed computations needed to complete a cost of production report.
The Clonex Corporation
Blending Department (1st Dept.)
Cost of Production Report
For the Month of January, 19Â Â Â Â Â Â Â Â
Quantity Schedule: Â Â
Units started in process  50,000
======
Units transferred to next department 45,000 Â
Units still in process (all materials - 1/2 labor and FOH) 4,000 Â
Units lost in process 1,000
------- 50,000
======
Cost Charged To the Department: Total
Cost unit
Cost
Cost added by the department:
Materials $24,500 $0.50
Labor 29,140 0.62
Factory Overhead (FOH) 28,200
------- 0.60
-----
Total cost to be accounted for $81,840 $1.72
 ====== ====
Cost Accounted for as Follows: Â Â
Transferred to next department (45,000 Ã $1.72) Â $77,400
Work in process - ending inventory:
Materials (4,000 Ã