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    Soal Asistensi AB Pertemuan 4

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    Yusuf Fadhillah
    1. Process costing involves tracking costs through production departments using physical units and equivalent units. 2. The document provides examples and problems applying weighted average and FIFO process costing methods to calculate equivalent units and assign costs to completed units and work in process. 3. Students are asked to calculate equivalent units, total costs, and cost per equivalent unit then assign costs to completed units and ending work in process for given manufacturing companies.

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    Soal Asistensi AB Pertemuan 4

    Uploaded by

    Yusuf Fadhillah
    203 views3 pages
    1. Process costing involves tracking costs through production departments using physical units and equivalent units. 2. The document provides examples and problems applying weighted average and FIFO process costing methods to calculate equivalent units and assign costs to completed units and work in process. 3. Students are asked to calculate equivalent units, total costs, and cost per equivalent unit then assign costs to completed units and ending work in process for given manufacturing companies.

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    1. Process costing involves tracking costs through production departments using physical units and equivalent units. 2. The document provides examples and problems applying weighted average and FIFO process costing methods to calculate equivalent units and assign costs to completed units and work in process. 3. Students are asked to calculate equivalent units, total costs, and cost per equivalent unit then assign costs to completed units and ending work in process for given manufacturing companies.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    203 views3 pages

    Soal Asistensi AB Pertemuan 4

    Uploaded by

    Yusuf Fadhillah
    1. Process costing involves tracking costs through production departments using physical units and equivalent units. 2. The document provides examples and problems applying weighted average and FIFO process costing methods to calculate equivalent units and assign costs to completed units and work in process. 3. Students are asked to calculate equivalent units, total costs, and cost per equivalent unit then assign costs to completed units and ending work in process for given manufacturing companies.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Name: Date: September 2017

    Cost Accounting Tutorial


    4rd Meeting – Process Costing (Chapter 17)
    Teaching Assistant Team

    PROBLEM 1
    a. Describe two cost categories of process costing!
    b. Describe five-step of process costing!
    c. What are the differences of weighted-average and FIFO methods of process costing?

    PROBLEM 2

    Souvenir corp is a manufacturer of birthday souvenir. It has assembly department and


    finishing department. This exercise focuses on the finishing department. Direct materials are
    added when product reach 60% of completion. Conversion cost are added evenly during the
    process. Souvenir Corp uses FIFO method of process costing. The following information for
    August 2017 is available.

    Physical Direct Conversion


    Units Materials Costs
    1. Work in process, beginning inventory 1.000 - $ 15.000
    (August 1)
    2. Started during August 2017 3.500
    3. Completed during August 2017 3.000
    4. Total cost added during August 2017 $ 100.000 $ 50.000

    *Note : - Degree of completion in beginning WIP : 40%

    - Degree of completion in WIP, August : 55%

    1. For each cost category, compute equivalent units in the finishing department. Show
    physical units in the first column of your schedule.
    2. For each cost category, summarize total finishing department costs for August 2017 and
    calculate the cost per equivalent unit.
    3. Assign costs to units completed and and transferred out and to units in ending work in
    process.

    PROBLEM 3
    Larsen Company manufactures car seats in its San Antonio plant. Each car seat passes
    through assembly department and the testing department. This problem focuses on the
    assembly department. The process-costing system at Larsen Company has a single direct cost
    category (direct materials) and single indirect-cost category (conversion cost). Direct
    materials are added at the beginning of the process. Conversion costs are added evenly during
    the process. When the assembly department finishes work on each car seat, it is immediately
    transferred to testing.

    Larsen Company uses the weighted-average method of process costing. Data for the
    assembly department for October 2014 are as follows:

    Physical Direct Conversion


    Units (car Materials Costs
    seats)
    Work in process, October 1a 5,000 $1,250,000 $ 402,750
    Started during October 2014 20,000
    Completed during October 2014 22,500
    Work in process, October 31b 2,500
    Total cost added during October 2014 $ 4.500.000 $ 2.337.500
    a
    Degree of completion: direct materials,?%; conversion costs, 60%.
    b
    Degree of completion : direct materials,?%; conversion costs, 70%

    a. For each cost category, compute equivalent units in the assembly department. Show
    physical units in the first column of your schedule.
    b. For each cost category, summarize total assembly department costs for October 2014 and
    calculate the cost per equivalent unit.
    c. Assign costs to units completed and and transferred out and to units in ending work in
    process.
    d. Prepare the necessary journals needed to record transaction during the month of October
    2014

    HOMEWORK

    Jualan Baju Company is a manufacturer for summer clothes. In the finishing department,
    direct materials are added when product reach 20% of completion. Conversion costs are
    added evenly during the process. The following information for June 2017 is available.

    Physical Direct Conversion


    Units Materials Costs
    Work in process, beginning inventory 2.000 $ 150.000 $ 70.000
    (70%)
    Started during June 2017 4.000
    Completed during June 2017 5.000
    Total cost added during June 2017 $ 250.000 $ 180.000
    At the end of the month, work in process is at 30% of completion. Please help Jualan Baju
    Company to make this following tasks in weighted average and FIFO method:

    1. Calculate equivalent units of transferred-in costs, direct materials, and conversion cost.
    2. Summarize total costs to account for
    3. Assign total costs to units completed and to units in ending work in process.

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