Combined Cost of Production Report (CPR) - Process Costing:
The three cost of production reports
for the Clonex Corpora have been discussed and computed separately.
These reports would most likely be
consolidated in a single report summarizing manufacturing operations of
the firm for a specific period. Such a report, as illustrated below,
should be reviewed in order to observe the interrelationship of the
various department reports. The Clonex Corporation
Cost of Production Report
All Producing Departments
For the Month of January, 19
|
Quantity Schedule: |
Blending 1st Department |
Testing 2nd Department |
Terminal 3rd Department |
|
Units started in process |
50,000
====== |
|
|
|
Units received from the preceding
department |
|
45,000
====== |
40,000
====== |
|
Units transferred to next
department |
45,000 |
40,000 |
|
|
Units transferred to finished
goods storeroom |
|
|
35,000 |
|
Units still in process |
4,000 |
3,000 |
4,000 |
|
Units lost in process |
1,000
------- |
2,000
------- |
1,000
------- |
|
|
50,000
====== |
45,000
====== |
40,000
====== |
|
Cost Charged To the Department: |
Total
Cost |
unit cost |
Total
cost |
unit
Cost |
Total cost |
unit
Cost |
| |
|
Cost from preceding department: |
|
|
|
|
|
|
|
Transferred in during the month |
|
|
$77,400 |
$1.72 |
$140,400 |
$3.51 |
|
|
|
|
-------- |
----- |
-------- |
----- |
|
Cost added by the department: |
|
|
|
|
|
|
|
Materials |
$24,500 |
$.50 |
|
|
|
|
|
Labor |
29,140 |
.62 |
$37,310 |
$.91 |
$32,400 |
$.90 |
|
Factory Overhead (FOH) |
28,200
------- |
.60
---- |
32,800
----- |
.80
---- |
19,800
------- |
.55
---- |
|
Total cost added |
$81,840 |
$1.72 |
$70,110 |
$1.71 |
$52,200 |
$1.45 |
|
Adjusted for lost units |
|
|
|
$.08 |
|
$.09 |
|
------- |
---- |
------- |
----- |
-------- |
---- |
|
Total cost to be accounted for |
$81,840 |
$1.72 |
$147,510 |
$3.51 |
$192,600 |
$5.05 |
|
====== |
=== |
====== |
=== |
====== |
=== |
|
Cost Accounted for as Follows: |
|
|
|
|
Transferred to next department |
$77,400 |
$140,400 |
|
|
Transferred to finished goods
storeroom (35,000 × $5.05) |
|
|
$176,750 |
|
Work in process - ending
inventory: |
|
|
|
|
Adjusted cost from preceding
department [4,000 × ($3.51 + $0.09)] |
|
$5,400 |
$14,400 |
|
Materials |
$2,000 |
|
|
|
Labor (4,000 × 1/4 × $0.90) |
1,240 |
910 |
900 |
|
Factory Overhead (4,000 × 1/4 ×
$0.55) |
1,200
------ |
800
------ |
550
------ |
|
|
4,440
-------- |
7,110
------ |
15,850
-------- |
|
Total cost accounted for |
$81,840 |
$147,510 |
$192,600 |
|
====== |
====== |
====== |
|
