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Questians nstant an 18 e CHAPTER 2-FORM POR COST OF PRODUCTION REPORT Company Name Cost of Production Report Department ,2003 For the Month Ended Equlvalent Units Converslon (1) UNIT Units Charged to Production Inv. in process, beg of mo Received from materials Total units accounted for Whole Units DM Units to be assigned costs (Eq.U.) Inv. in process, beg (% completed) Started & completed this month Transferred to F.G or Dept. Inv. in process, end of mo.(% comp.) Total units to be assigned costs Costs Conversion Total Costs DM (2) COSTS (3) Unit Costs: Total costs for the month Total equivalent units Cost per equivalent unit (4) Costs charged to production Inv. in process, beg. of mo. Costs incurred in the month Total costs ccounted for (5) Costs allocated to comp. & part. completed units: Invehtory in process beg. of mo. To complete inv. in process beg. Started Transferred to F.G. or next dept. Inventory in process, end of mo. Total costs assigned by the dept. completed this month ompleted as to labor4FOVD e beginning 3,000 units addcd during the period 32,o00 unts of dirr of direct mafenials BONUS QUESTION (10 POINTS) PLEASE USE THE ATTACHED FORM Prepare a cost of production report for the Cutting Department of Borges Distributors for May 2006, using the following data and assuming that all materials are added at the beginning of the production process: $70,400* Work in process, May 1, 8,000 units, 75 % complete $41,600 28.800 $70,400 Direct materials (8,000 x S5.20) Conversion costs (8,000 x 75 % x $4.80) 1,128,750 402,040 603,060 Materials added during May from Weaving Dept., 215,000 units Direct labor for May Factory overhead for May Goods finished during May (includes goods in process, May 1), 214,000 units Work in process, May 31, 9,000 units, 40% completed 1

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