Brampton Ltd. uses an automated process to manufacture key chains. For September, the company had ...

PRODUCTION COST WORKSHEET

Flow of production   Physical Units   Direct Materials   Conversion
Work in process, beginning   40,000      
Started during period   140,000      
  To account for   180,000      
         
Units completed         
Work in process, beginning   40,000      28,000
Started and completed   110,000   110,000   110,000
Work in process, ending   30,000   30,000   18,000
   180,000   140,000   156,000

Costs   Totals   Direct Materials   Conversion
Work in process, beginning   $36,080      
Costs added during period   202,200   $100,800   $101,400
Total costs to account for   $238,280   $100,800   $101,400
Divided by equivalent units      140,000   156,000
Equivalent unit costs   $1.37   $0.72   $0.65

      
Assignment of costs      
Work in process, beginning      36,080
Completion of beginning (28,000 × $0.65)      18,200
Total beginning inventory      54,280
Started and Completed (110,000 × $1.37)      150,700
Total costs transferred out      $204,980
Work in process, ending      
  Direct materials (30,000 × $0.72)   $21,600   
  Conversion (18,000 × $0.65)   11,700   33,300
Costs accounted for      $238,280