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Stracos Exercise1

This document summarizes the flow of physical units and costs for a production period. 100,000 units were started, 92,000 units were completed and transferred out, and 8,000 units remained in work in process at 40% completion. Total costs were P414,200, with P391,000 for completed units and P23,200 for the ending work in process.

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Heather De la Vega
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164 views

Stracos Exercise1

This document summarizes the flow of physical units and costs for a production period. 100,000 units were started, 92,000 units were completed and transferred out, and 8,000 units remained in work in process at 40% completion. Total costs were P414,200, with P391,000 for completed units and P23,200 for the ending work in process.

Uploaded by

Heather De la Vega
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Physical Units

Flow of units

Units to be accounted for


Beginning WIP 0
Units started this period 100,000
Total units to be accounted for 100,000

Units accounted for:


Total units completed and transferred out 92,000 100%
Ending WIP (completed 40%) 8,000 100%
Total units accounted for 100,000

Flow of costs
Total Cost =
Cost to be accounted for
Cost of Beginning WIP 0
Cost added in current period 414,200
Total costs to be accounted for 414,200

Cost per equivalent unit

Cost accounted for


Total cost of units completed and transferred out 391,000
Ending WIP 23,200
Total cost accounted for 414,200
Equivalent Units (EUP) Problem 1
Direct Materials Conversion Costs Materials costs of P200,000 and conversio
in the month of September. Materials are
are incurred uniformly throughout the proce
units were started into production in Septem
were 40% complete at the end of Septemb

1. How much is the total cost of goods co


2. How much is the total cost of ending w
92,000 100% 92,000
8,000 40% 3,200 a. 391,000 Total cost of units completed and tr
100,000 95,200 b. 23,200 Ending WIP

Direct Materials + Conversion Costs

0 0
200,000 214,200
200,000 214,200

2.00 2.25

184,000 207,000
16,000 7,200
200,000 214,200
000 and conversion costs of P214,200 were charged to a processing department
ber. Materials are added at the beginning of the process, while conversion costs
roughout the process. There were no units in beginning work in process, 100,000
roduction in September, and there were 8,000 units in ending work in process that
he end of September.

al cost of goods completed and transferred out in September?


al cost of ending work in process at the end of September?

of units completed and transferred out

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