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DirectDirect materialsmaterials
Work in Process Work in Process AccountAccount
Work in Process Work in Process AccountAccount
Factory Factory OverheadOverhead
Direct Direct LaborLabor
to Finished to Finished GoodsGoods
to Finished to Finished GoodsGoods
Factory Factory OverheadOverhead
Direct Direct LaborLabor
Quantity schedule :Units transferred from previous dep.Units completed.WIP units.Units lost or added.
Cost schedule :Cost of Material.Cost of labor.Cost of FOH.
Equivalent production cost:
In it we calculate the Conversion cost.
Cost accounted as follows:In it we calculate cost of completed units and cost
of units in process.
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