Booklet 4 Process Costing Solutions.xlsx - 2.79
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| 2.79 |
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Debits |
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Credits |
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Balance |
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| Pulping Process Account |
Units |
CPU |
Value |
Units |
CPU |
Value |
Units |
CPU |
Value |
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| Raw Material |
3000 |
1.5 |
4500 |
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3000 |
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4500 |
1 |
| Labour (600 x £4.50) |
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2700 |
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3000 |
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7200 |
1 |
| Overheads (600 x £0.60) |
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360 |
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3000 |
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7560 |
1 |
| Normal Spoilage |
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150 |
1 |
150 |
2850 |
2.6 |
7410 |
2 |
| Good Output to Stores |
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2800 |
2.6 |
7280 |
50 |
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130 |
1 |
| Abnormal Loss |
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50 |
2.6 |
130 |
0 |
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0 |
1 |
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Debits |
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Credits |
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Balance |
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| Binding Process Account |
Units |
CPU |
Value |
Units |
CPU |
Value |
Units |
CPU |
Value |
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| Pulp Material |
3300 |
3 |
9900 |
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3300 |
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9900 |
1 |
| Binding Agent |
4 |
2 |
8 |
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3304 |
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9908 |
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| Direct Labour (500 x £6) |
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3000 |
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3304 |
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12908 |
1 |
| Overheads (500 x £1.30) |
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650 |
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3304 |
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13558 |
1 |
| Normal Spoilage |
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330.40000000000003 |
2 |
660.8000000000001 |
2973.6 |
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12897.2 |
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| Closing Work in Progress |
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760 |
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2550 |
2213.6 |
4.674376581134804 |
10347.2 |
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| Good Output to Stores |
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3200 |
3.85 |
12320 |
-986.4000000000001 |
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-1972.7999999999993 |
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Debits |
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Credits |
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Balance |
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| Abnormal Loss Account |
Units |
CPU |
Value |
Units |
CPU |
Value |
Units |
CPU |
Value |
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| Abnormal Loss |
50 |
2.6 |
130 |
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50 |
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130 |
1 |
| Cash & Cash Equivalents |
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50 |
1 |
50 |
0 |
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80 |
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| Income Statement (Exp.) |
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80 |
0 |
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0 |
1 |
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2 for printout |