Cost of Production

Equiv. Unit Production

Quantity Schedule Units Materials Conv. Cost
Quantity to be accounted for 10,000.00
Work in Process, July1 40,000.00
Started During, July 50,000.00
Quantity to be accounted for

Quantity to be accounted for as

Completed During this month 34,000.00 34,000.00 34,000.00
Work-in-Progress 16,000.00 16,000.00 8,000.00
Quantity to be accounted for as 50,000.00 50,000.00 42,000.00
Cost of Schedule
Cost to be Accounted for
Materials Cost EUP Average Cost
Materials, WIP July 1 60,000.00
Materials Added this month 280,000.00
Total Material Cost 340,000.00 50,000.00 6.80
Conversion Cost
Conversion Cost 70,000.00
Cost this Month 371,000.00
Total conversion 441,000.00 42,000.00 10.50
Total Cost to be Accounted For 781,000.00 17.30

Cost to be Accounted for As

Transferred to Finished Goods 588,200.00
Work-inProcess, July 31
Materials Cost 108,800.00
Conversion Cost 84,000.00
Total Work in Process Cost 192,800.00
Cost Accounted for as 781,000.00