B ey Spas esS a Data Entry Section 2 | [Unit information recent Gompiet Units (board Direct. «Direct 3 jet) materials labor O: 4 | |Units in beginning WP inventory (all completed this period) 250,000 ava nia S| |Units startos and completed during the period 440,000 100% 100% 6 | [Units started and partially camplated during the period 70.000 40% 60% z Direct Dveet 8 | |Cost Information materials labor © |_| Costs in beginning WIP Inventory $76,000 $90,000 10 | |Gosts incurred during the period $55,000 $75,000 $ i Pacific Siding Incorporated Preliminary Production Cost Report Month aon March 31 Physical Units to be accounted for Units, Units in Beginning WIP lnventary 250,000 y Units started during the period 210,000 20 Total units to be accounted for 460,000) Equivalent Units Physical Direct Direct Units accounted tor Units materials labor 4 Units completed and transferred out 390,000 390,000 380,000 Units in ending WIP Inventory 70.000 28.000 __ 42.000. al tat ota eens he aeo-obe—ateooe | ase-000 Bc oe be eco a ea 25 | sup 2: summary orGoststobe Accounted or ——— eT faators | taker | lesan Costs in Beginring WIP hvoriocy 96 g05 S00 000 Bisa 00S 2 Costs incurred during the porod t.000 78000 136.000 32 Total costs to be accounted for oa check: total costs fo be accounted for = total costs accounted for? _M so, ammount = $0 ——> © | (Step 3: Calculation of Gost pertquivaientUnt ——— ee a hal oats tp be accounina forte] Pst aay sles coa Sees boo aot Saulraer mir ores ae eT 18.000. "432.000 417-000 Cost per equivalent unit (a) (b) Direct Direct materiais labor __ Overhead Costs assigned te units transferred out $122,226 S145,947 $270,426 5 Costs assigned te ending WIP Inventory 8775 16.040 14,561 Rounding difference ‘Total costs accounted for