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Problem 1

Elevie Co.
Cost Of Goods Manufactured
For month ending 31 December 2019
Direct Material :
Direct Material inventory, Des 31 2018 $ 200.000,00
Direct materials purchased $ 920.000,00
Direct Material inventory, Des 31 2019 $ -100.000,00
Direct Material used $ 1.020.000,00
Direct Labor $ 600.000,00
Factory Overhead:
Indirect Labor $ 80.000,00
Depreciation expense-factory building $ 36.000,00
Depreciation expense-factory machine $ 18.000,00
Factory Maintenance $ 150.000,00
Factory Utilities $ 40.000,00
Factory Supplies $ 4.000,00
Total Factory Overhead $ 328.000,00
Total Produksi $ 1.948.000,00
Add: WIP Dec 31, 2018 $ 20.000,00
less: WIP Dec 31, 2019 $ -28.000,00
$ -8.000,00
Cost Of Goods Manufactured $ 1.940.000,00
add: Finished goods Dec 31, 2018 $ 200.000,00
less: Finished goods Dec 31, 2019 $ -300.000,00
$ -100.000,00
Cost Of Good Sold $ 1.840.000,00

Elevie Co.
Income Statement
For month ending 31 December 2019
Sales $ 4.000.000,00
Less: Cost Of Good Sold $ -1.840.000,00
Gross Profit $ 2.160.000,00
 Administration expense $ 240.000,00
Advertising expense $ 120.000,00
Marketing salaries expense $ 200.000,00
Total Expense $ -560.000,00
Net Income $ 1.600.000,00

Problem 2

1. Prepare the journal entries to record:

 All costs and activities incurred pertaining to Job A, Job B, and Job C.

Job A Job B Job C

Beginning Balance,work in process $ 16.000,00 $ 6.000,00 $ -
Direct Material $ 14.000,00 $ 18.000,00 $ 21.600,00
Direct labor $ 18.000,00 $ 16.000,00 $ 14.000,00
Manufacturing overhead $ 15.000,00 $ 13.200,00 $ 11.600,00
Cost Of good Sold $ 47.000,00 $ 47.200,00 $ 47.200,00
Sales 150% $ 70.500,00 $ 70.800,00 $ 70.800,00
Net Income $ 23.500,00 $ 23.600,00 $ 23.600,00

Date Description Ref Debet Credit

01-Jan Direct Material Job A $ 14.000,00
Direct Material Job B $ 18.000,00
Direct Material Job C $ 21.600,00
Account Payable $ 53.600,00

01-Jan Direct Labor Job A $ 18.000,00

Direct Labor Job B $ 16.000,00
Direct Labor Job C $ 14.000,00
Wages & Salaries payable $ 48.000,00

01-Jan Working In Proses $ 53.600,00

Direct Material Job A $ 14.000,00
Direct Material Job B $ 18.000,00
Direct Material Job C $ 21.600,00

01-Jan Working In Proses $ 48.000,00

Direct Labor Job A $ 18.000,00
Direct Labor Job B $ 16.000,00
Direct Labor Job C $ 14.000,00
 01-Jan Manufacturing overhead Job A $ 15.000,00
Manufacturing overhead Job B $ 13.200,00
Manufacturing overhead Job C $ 11.600,00
Direct Labor Job B $ 39.800,00

31-Jan Finnished Good $ 141.400,00

Working In Proses $ 141.400,00

31-Jan Cost Of Good Sold $ 141.400,00

Finnished Good $ 141.400,00

31-Jan Account Receivable $ 212.100,00

Sales Revenue $ 212.100,00
Balance $ 737.900,00 $ 737.900,00

 All transactions (a – e).

Date Description Ref Debet Credit

a. 01-Jan Direct Material $ 74.000,00
Cash/Account Payable $ 74.000,00

b. 01-Jan Manufacturing overhead $ 10.400,00

Indirect material $ 10.400,00

c. 01-Jan Direct labor $ 8.000,00

Cash $ 8.000,00

d. 01-Jan Manufacturing overhead Job A $ 15.000,00

Manufacturing overhead Job B $ 13.200,00
Manufacturing overhead Job C $ 11.600,00
Working In Proses $ 39.800,00

e. 01-Jan Depreciation Expense $ 10.000,00

Incurance Expense $ 2.000,00
Other Manufacturing Overhead $ 8.000,00
Accumulation Depreciation-
Machine $ 10.000,00
Prepaid Incurance $ 2.000,00
Cash $ 8.000,00
Balance $ 152.200,00 $ 152.200,00

2. Compute the ending balance of work in process inventory

 ending balance of work in process inventory.
Beginning Balance $ 22.000,00
add: Purchasess $ 74.000,00
Less: Material Requisitioned $ -53.600,00
Ending Balance $ 42.400,00

Problem 3

Modling depr
1. Physical Flow Schedule:
Unit to Account for:
Beginning WIP $ 100,00
Stared $ 500,00
$ 600,00
Unit to Accounted for:
Transferred to Finishing $ 400,00
Ending WIP $ 200,00
$ 600,00

2. Equivalent Unit:
Modling Depr
Material Conversion
Transfer to Finishing $ 400,00 $ 400,00
Ending WIP $ 200,00 $ 80,00
$ 600,00 $ 480,00

3. Unit Cost computation:

Unit Material Cost ($2.000+$14.800)/600 = $ 28,00
Unit Conversion Cost ($1.000+$11.480)/480 = $ 26,00

Modling Depr
Unit Prior Departemen Cost $ -
Unit Material Cost $ 28,00
Unit Conversion Cost $ 26,00
Total Unit Cost $ 54,00

4. Ending work in Process Modling Depr

Transfer to Finishing 400 x $54 $ 21.600,00
Ending WIP (200 x $28)+(80 x $26) $ 7.680,00
$ 29.280,00
5. Cost Reconciliation:
Cost To Account for:
Beginning WIP $ 16.800,00
Current $ 12.480,00
Total $ 29.280,00
Cost To Accounted for:
Transfer to Finishing $ 21.600,00
Ending WIP $ 7.680,00
Total $ 29.280,00