WHAT is Evaporation Loss?

WHO determines or estimates evaporation loss?

HOW to account evaporation loss?
 COST OF PRODUCTION REPORT

Quantity Schedule: Actual Quantity Equivalent Production

Work in process beginning XX

Received from preceding department/
Started in Process/ Current Production XX
Total Units to be Accounted XX

Finished and transferred to next department:

Work in Process, Beginning XX XX
Current Production XX XX
Work in process, End XX XX
Evaporation Loss XX 0
Total Units as Accounted XX

Total Equivalent Production for the Period XX

* FT XX
WIP Beg (XX)
CP XX

* SIP/ RFPD XX
WIP End (XX)
CP XX
Cost Analysis: Amount Unit Cost
Current Costs:
Materials XX (Cost-M/EP-M) XX
Labor XX (Cost-L/EP-CC) XX
Overhead XX (Cost-O/EP-CC XX
Total Current Costs XX XX
Costs, Work in process beginning XX XX
Costs from preceding department XX XX
TOTAL COST TO BE ACCOUNTED XX

Finished and Transferred to next department (FIFO)

Work in Process, Beginning:

Cost, last month XX XX
Cost to complete this month:
Materials (EUP-M X UCTM-M) XX xx
Labor (EUP-CC X UCTM-L) XX xx
Overhead (EUP-CC X UCTM-O) XX xx
Total Cost of Completion XX

Current Production:
Cost from Prece (CP X UCPD) XX
Cost in this depa (CP X UCTM) XX
Total Cost of Completion XX

Total cost of transfer to the Next Department XX XX

Work in Process, End:

Cost from Prece ( AQ X UCPD) XX
Cost in this department XX
Materials (EUP-M X UCTM-M) XX xx
Labor (EUP-CC X UCTM-L) XX xx
Overhead (EUP-CC X UCTM-O) XX xx
Total Charges this Month XX

TOTAL COST AS ACCOUNTED XX

Assume that in Department A of Lambanog Manufacturing Company, an average evaporation loss of 12% is suffered.
The production data for the month of November 2021 follows:

In process, November 1 (1/4 complete)

Started in process
Completed & transferred
In process, November 30 (1/2 complete)
evaporation loss of 12% is suffered.

5,820 gallons
10,000 gallons
9,680 gallons
?
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Department B of of Basi Manufacturing Company suffers an average evaporation loss of 10%. The following data were obtain

Cost Units:
In process, November 1 (2/5 completed)
Received from Department A in November
Finished and Transferred
In process, November 30 (1/4 completed)

Cost Data
Cost from last months operation
Costs received from Department A in November
Cost incurred in November
Materials
Labor
Overhead
he following data were obtained for the month of November 2021:

4,800 gallons
15,000 gallons
12,600 gallons
5,850 gallons

2,880.00
15,000.00

9,720.00
3,645.00
1,215.00
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The Marcelo Plastic Manufacturing Company produces a product known as wal- astik which undergoes processing through tw
In Department 2, the process is completed in 10 days, during which time the units in process suffers a loss of 15% through eva

During the month of April 2021, Department 1 transferred to Department 2

The records of Department 2 showed the following information regarding its operation for the month:

Quantity:
In Process, April 1 (1/4 complete)
Transferred to storeroom
In process, April 30 (1/2 complete)

Costs:
In process, April 1
Costs during April 2021
Materials
Labor
Overhead
 dergoes processing through two production departments.
uffers a loss of 15% through evaporation.

120,000 units costing 240,000

1,925 units
86,700 units
18,500 units

4,165.00

56,865.00
28,432.50
9,477.50
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