VB Co.

Cost of Production Report

For the month of November 2020
Physical Units Materials Conversion Costs

QUANTITIES

Units to be Accounted For:

Work in Process, Beg 10,000 units

Units Started 120,000 units
UNITS TO BE ACCOUNTED FOR 130,000 units

Units Accounted For:

Finished and Transferred 100,000 units 100,000 units 100,000 units
Work in Process, End 30,000 units 30,000 units 9,000 units
UNITS ACCOUNTED FOR 130,000 units 130,000 units 109,000 units

COSTS Materials Conversion Costs

Cost to be Accounted For

Work in Process, Beg P2,100 P2,030
Current Cost 33,000 109,695
COST TO BE ACCOUNTED FOR P35,100 P111,725

Cost per Equivalent Units

Total Cost P35,100 P111,725
Equivalent Units 130,000 109,000

COST PER EQUIVALENT UNITS P0.27 eq. unit P1.025 eq. unit

COST ASSIGNMENT
Cost Accounted For
Transferred Out (P100,000 x 1.295)
Work in Process, End
Materials (P30,000 x 0.27) P8,100
Conversion Costs (P9,000 x 1.025) 9,225
COST ACCOUNTED FOR
 Total

P4,130
P142,695
P146,825

P146,825

P1.295 eq. units

P129,500

17,325
P146,825
 VB Co.
Cost of Production Report
For the month of November 2020
Physical Units Materials

QUANTITIES
Units to be Accounted For:
Work in Process, Beg P10,000 units
Units Started 120,000 units

UNITS TO BE ACCOUNTED FOR P130,000 units

Units Accounted For:

Work in Process, Beginning P10,000 units P0 units
Started and Completed 90,000 units 90,000 units
Work in Process, End 30,000 units 30,000 units
UNITS ACCOUNTED FOR P130,000 units P120,000 units

COSTS Materials

Cost to be Accounted For

Work in Process, Beginning P2,100
Current Cost 33,000
COST TO BE ACCOUNTED FOR P35,100

Cost per Equivalent Units

Current Cost P33,000
Equivalent Units 120,000

COST PER EQUIVALENT UNITS P0.275 eq. unit

COST ASSIGNMENT
Assignment of Cost
Transferred Out:
Work in Process, Beginning
Conversion Cost (P7,500 x
1.03)
Started and Completed
Direct Materials (P90,000
x 0.275)
Conversion Cost (P90,000
x 1.03)
 Work in Process, End

Direct Materials (P30,000 x 0.275)

Conversion Costs (P9,000 x 1.03)

COST ACCOUNTED FOR

ort
r 2020
Conversion Costs

P7,500 units
90,000 units
9,000 units
P106,500 units

Conversion Costs Total

P2,030 P4,130
109,695 P142,695
P111,725 P146,825

P109,695 P142,695
106,500

P1.03 eq. unit 1.305 eq. unit

P4,130

7,725 P11,855

P24,750

92,700 117,450
P8,250

9,270 17,520

P146,825