Cost Schedule

Materials: Total Costs EUP Unit Costs

BWIP P 12,000

This month 65,000

Total material cost

Conversion costs: 77,000 ÷ 55,000 = P 1.40

BWIP 18,800

This month 145,000

Total conversion costs 163,800 ÷ 52,500 = 3.12

Total costs to account for

P240,800 P 4.52

Transferred out to next department Ending work in process: P203,400 = 45,000 x P 4.52

Materials 14,000 = 10,000 x 1.40

Conversion costs 23,400 = 7,500 x 3.12

Total ending work in process 37,400

Total costs to account for

Department 2

Cost of Production Report

Month of April 2010

P240,800

Quantity Schedule Units

Beginning work in process 7,000

Transferred in from prior department 45,000

Total to account for

52,000

Transferred out to finished goods

Ending work in process

Total accounted for

 43,000

9,000

52,000

Cost Schedule

Cost from preceding department: Total Cost EUP Unit Cost

BWIP P 28,000 = 7,000

This month 203,400 = 45,000

Total transferred in costs Cost added this department: 231,400 ÷ 52,000

= P 4.45

Materials: BWIP 14,800

This month 45,000

Total material cost 59,800 ÷ 52,000 = 1.15

CC : BWIP 20,625

This month 110,000

Total CC 130,625 ÷ 47,500 = 2.75

Total costs to account for P421,825 P 8.35

Transferred out to finished goods P359,050 = 43,000 x P 8.35

Ending work in process:

Cost from prior department 40,050 = 9,000 x 4.45

Cost added this department:

Materials 10,350 = 9,000 x 1.15

Conversion costs 12,375 = 4,500 x 2.75

Total work in process 62,775

Total costs accounted for P421,825