eBook

Inventory in process, January $1$

Started and completed in January

Transferred to finished goods in January

Inventory in process, January $31$

Total units to be assigned cost

Cost per equivalent unit:

Total costs for January in Cutting Department

Total equivalent units

Cost per equivalent unit

Costs assigned to production:

Inventory in process, January $1$

Costs incurred in January

Total costs accounted for by the Cutting Department

Costs allocated to completed and partially completed units:

Inventory in process, January $1$ balance

To complete inventory in process, January $1$

Cost of completed January $1$ work in process

Started and completed in January

Transferred to finished goods in January

Inventory in process, January $31$

Total costs assigned by the Cutting Department

Conversion

Conversion

Total

Direct Materials

Feedback

eBook

Cost of Production Report

Work in process, January $1,8,200$ units, $55\%$ completed

$*$Direct materials $(8,200$$$10\mathrm{.}4)$

Conversion $(8,20055\%$$$4\mathrm{.}8)$

Materials added during January from Weaving Department, $126,400$ units

Direct labor for January

Factory overhead for January

Goods finished during January $($includes goods in process, January $1),127,800$ units

$$106,{928}^{**}$

$[$$$85,280],[21,648],[$$$106,928]$

$(4)$

Work in process, January $31,6,800$ units, $20\%$ completed

$$1,320,880$

$274,853$

$335,932$

Karachi Carpet Company

Cost of Production Report$-$Cutting Department

For the Month Ended January $31$

Units charged to production:

Unit Information

Inventory in process, January $1$

Received from Weaving Department

Total units accounted for by the Cutting Department

Units to be assigned costs:

Inventory in process, January $1$

Started and completed in January

Transferred to finished goods in January

Inventory in process, January $31$