Dakota Enterprises keeps its production facility busy making a molded plastic tent used to cover motorcycles. The tent goes through two departments - Assembly and Packaging. The incomplete Production Report for the current period is presented below. Complete the Production Report and then answer the questions that follow.
DAKOTA ENTERPRISES |
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PRODUCTION REPORT |
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FOR THE MONTH ENDED SEPTEMBER 30, 2011 |
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Quantity Schedule and Equivalent Units |
Quantity |
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Units To Be Accounted For: |
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Beginning Work in Process |
6,000 |
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Started into Production |
(A) |
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Total Units To Be Accounted For: |
(B) |
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Equivalent Units (EU) |
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Units Accounted For As Follows: |
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Materials |
Conversion |
Transferred to Packaging |
8,000 |
(D) |
(E) |
Ending Work in Process |
2,000 |
2,000 |
1,000 |
Total Units Accounted For |
(C) |
(F) |
(G) |
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Cost Per Equivalent Unit |
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Cost To Be Accounted For: |
Total |
Materials |
Conversion |
Beginning Work in Process |
$ 63,000 |
$ 50,000 |
$ 13,000 |
Cost Added During the Month |
224,000 |
30,000 |
194,000 |
Total Cost To Be Accounted For |
(H) |
(I) |
(J) |
Cost Per Equivalent Unit |
(K) |
(L) |
(M) |
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Cost Reconciliation: |
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Equivalent Units (EU) |
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Cost Accounted For As Follows: |
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Materials |
Conversion |
Transferred to Packaging |
(N) |
(D) |
(E) |
Ending Work in Process |
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Materials |
(O) |
2,000 |
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Conversion |
(P) |
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1,000 |
Total Ending Work in Process |
(Q) |
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Total Cost Accounted For: |
(R) |
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Match the correct letter (numbers) to the correct spot on the chart
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