Type of Production: Homogeneous Firm using it : Chemical, Oil,flour, Plastic and paint, Focal Point: Processing Center,, Control Document :Cost of Production Report, Reporting period: Time period such as month, Unit cost computation:by processing center Flow of products:continuous, Measurement of Output: Equivalent Unit of Production.

1. Total units
Raw Materials
Cost
Direct Labor
Cost
Manufacturing
overhead cost
0
50,000
50,000
42,000 42000 42000 42000
8,000 8000 3200 3200
50,000 50000 45200 45200
Begning cost
Current cost Total Costs
Equivalent
Units
Unit Cost
Raw Material -$ 71,000.00$ 71,000.00$ 50000 1.42$
Direct Labour -$ 94,920.00$ 94,920.00$ 45200 2.10$
-$ 117,520.00$ 117,520.00$ 45200 2.60$
-$ 283,440.00$ 283,440.00$ 6.12$
257,040.00$
11,360.00$
6,720.00$
8,320.00$ 26,400.00$
Cost Accounted for 283,440.00$
SOUTHEASTEN CHEMICAL COMPANY
Blending Department
Cost of Production Report
Month Ended January 31,1990
Physical Flow Schedule
Beginning work in process
Units started
United to be accounted for
Units Finished
Ending Work in Process
Direct labor
Manufacturing overhead
Equivalent Units
42000 gallons x$6.12
(8000 gallonsx$1.42)
(8000 gallonsx$2.10)
(8000 gallonsx$2.60)
Cost to be Accounted For
Unit transferred to
Finishing Department
Ending Work in process
Raw Material
Units accounted for
Costs to be Accounted For
Cost Element
Manufacturing overhead

2. Raw Materials
Cost
Direct Labor
Cost
Manufacturing
overhead cost
40000 40000 40000
Plus equivalent units in ending inventory of 10000 gallon
10000 gallons X 100% 10000
3000 3000
Equivalent Units with (Weighted Average Method) 50000 43000 43000
Raw Materials
Cost
Direct Labor
Cost
Manufacturing
overhead cost
40000 40000 40000
Plus equivalent units in ending inventory of 10000 gallon
10000 gallons X 100% 10000
3000 3000
Less equivalent units in Begining inventory of 8000 gallon
8000 gallons X 100% -8000
-3200 -3200
Equivalent Units with (FIFO Method) 42000 39800 39800
SOUTHEASTEN CHEMICAL COMPANY
Blending Department
Equivalent Units of Production (Weighted Average Method)
Month Ended February 28,1990
Equivalent Units
SOUTHEASTEN CHEMICAL COMPANY
Blending Department
Equivalent Units of Production (FIFo Method)
40000 gallons Completed
10000 gallons X30%
Month Ended February 28,1990
Equivalent Units
10000 gallons X30%
8000 gallons X40%
40000 gallons Completed

3. Total units
Raw Materials
Cost
Direct Labor
Cost
Manufacturing
overhead cost
8000
42,000
50,000
40,000 40000 40000 40000
10,000 10000 3000 3000
50,000 50000 43000 43000
Begning cost
Current cost Total Costs
Equivalent
Units
Unit Cost
Raw Material 11,360.00$ 70,140.00$ 81,500.00$ 50000 1.63$
Direct Labour 6,720.00$ 83,580.00$ 90,300.00$ 43000 2.10$
8,320.00$ 103,480.00$ 111,800.00$ 43000 2.60$
26,400.00$ 257,200.00$ 283,600.00$ 6.33$
253,200.00$
16,300.00$
6,300.00$
7,800.00$ 30,400.00$
Cost Accounted for 283,600.00$
Manufacturing overhead (10000 gallons x30%x$2.60)
Costs to be Accounted For
Cost Element
Manufacturing overhead
Cost to be Accounted For
Unit transferred to
Finishing Department 40000 gallons x$6.33
Ending Work in process
Raw Material (10000 gallons x100x$1.63)
Direct labor (10000 gallons x30% x$2.10)
Units accounted for
SOUTHEASTEN CHEMICAL COMPANY
Blending Department
Cost of Production Report WAC
Month Ended February 28,1990
Equivalent Units
Physical Flow Schedule
Beginning work in process
Units started
United to be accounted for
Units Finished
Ending Work in Process

4. Total units
Raw Materials
Cost
Direct Labor
Cost
Manufacturing
overhead cost
8000 -8000 -3200 -3200
42,000
50,000
40,000 40000 40000 40000
10,000 10000 3000 3000
50,000 42000 39800 39800
Amount of Cost
Equivalent
Units
Unit Cost
26,400.00$
70,140.00$ 42000 1.67$
83,580.00$ 39800 2.10$
103,480.00$ 39800 2.60$
257,200.00$ 6.37$
26,400.00$
10,080.00$
12,480.00$
48,960.00$
203,840.00$
252,800.00$
16,700.00$
6,300.00$
7,800.00$ 30,800.00$
Cost Accounted for 283,600.00$
Total Cost of Inventory
Finished
Unit started,finished,transferred to
Begning Inventory Finished (8000 gallons)
Raw Material
Direct Labour
Begning work in process cost
Direct labor Added
Manufacturing ovehed added
8000 gallons X 60% X$ 2.10
8000 gallons X 60% X$ 2.60
Manufacturing overhead (10000 gallons x 30% x$2.60)
Costs to be Accounted For
Cost Element
Manufacturing overhead
Cost to be Accounted For
to Finishing Department 32000 gallons x$6.37
Begning work in process
Current Cost Elements
Ending Work in process
Raw Material (10000 gallons x 100% x $1.67)
Direct labor (10000 gallons x 30% x $2.10)
Total Cost of begning Inventory
Units accounted for
SOUTHEASTEN CHEMICAL COMPANY
Blending Department
Cost of Production Report FIFO
Month Ended February 28,1990
Equivalent Units
Physical Flow Schedule
Beginning work in process
Units started
United to be accounted for
Units Finished
Ending Work in Process

5. Total units
Raw Materials
Cost
Direct Labor
Cost
Manufacturing
overhead cost Trnasferred in
0
40,000
40,000
38,000 38000 38000 38000 38000
2,000 0 1000 1000 2000
40,000 38000 39000 39000 40000
Begning Cost Current Cost Total Costs
Equivalent
Units
Unit Cost
-$ 253,200.00$ 253,200.00$ 40000 6.33$
-$ 30,400.00$ 30,400.00$ 38000 0.80$
-$ 46,800.00$ 46,800.00$ 39000 1.20$
-$ 56,160.00$ 56,160.00$ 39000 1.44$
-$ 386,560.00$ 386,560.00$ 156000 9.77$
Units transferred to finished Goods 371,260.00$
12,660.00$
-$
1,200.00$
1,440.00$ 15,300.00$
386,560.00$
(2000 gallons x 100% x $6.33)
Beginning work in process
Units started
SOUTHEASTEN CHEMICAL COMPANY
Finishing Department
Cost of Production Report WAC
Month Ended February 28,1990
(38000 gallons x $9.77)
Cost Accounted for
Manufacturing overhead
Cost to be Accounted For
Costs to be Accounted For
Cost Element
Transferred in Cost
Raw Material
Direct Labour
Manufacturing overhead (2000 gallons x 50% x$1.44)
Transferred in Cost
Raw Material
Ending Work in process
(2000 gallons x 0 % x $.80)
Direct labor (2000 gallons x 50% x $1.20)
Equivalent Units
United to be accounted for
Units Finished
Ending Work in Process
Units accounted for
Physical Flow Schedule

6. Desription Debit Credit
Feb 28 Work in Process- Blending Dept 257,200.00$
Raw material 70,140.00$
Accrued Manufacturing Payroll 83,580.00$
Manufacturing overhead 103,480.00$
(To record the production cost incurred in
the blending Dept.. During Fabruary)
28 Work in Process- Finishing Dept 253,200.00$
Work in Process- Blending Dept 253,200.00$
(To record total cost of the 40000 gallons
transferred to the finishing Dept)
28 Work in Process- Finishing Dept 133,360.00$
Raw material 30,400.00$
Accrued Manufacturing Payroll 46,800.00$
Manufacturing overhead 56,160.00$
(To record the production cost incurred in
the finishing Dept.. During Fabruary)
28 Finished Goods Inventory 371,260.00$
Work in Process- Finishing Dept 371,260.00$
(To record total cost of the 38000 gallons
transferred to the Finished Good)
28 Accounts Receivable 486,000.00$
Sales 486,000.00$
Cost of Good Sold 351,720.00$
Finished Goods Inventory 351,720.00$
(To record the sale of 36000 gallons of
Aqua Bright)
Date
Process Costing
Journal Entries