###### Question:

Badgersize Company has the following information for its Forming Department for the month of August:
Work in Process Inventory, August 1: 20,000 units
Direct materials: 100% complete $80,000 Conversion: 20% complete 24,000 Balance in work in process, August 1$ 104,000
Units started during August 50,000
Units completed and transferred in August 60,000
Work in process (70% complete), August 31 ?
Costs charged to Work in Process in August
Direct materials $150,000 Conversion costs: Direct labor$ 120,000
Total conversion $252,000 Assume materials are added at the start of processing. Complete a production cost report for the Badgersize Company Forming Department for the month of August. (Round your Costs per equivalent units to 2 decimal places.Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Production Cost Report
Forming Department
For the month of August
Part I. Physical Flow Total Units
Inputs:
• Beginning WIP ?
• Started ?
Units to account for: ?
Outputs:
• Units completed ?
• Ending WIP ?
Units accounted for: ?
Part II. Equivalent Units Consumed Direct Materials Conversion Costs
Based on monthly input:
• Finish BWIP ? ?
• Start new units ? ?
Equivalent units of input ? ?
Based on monthly output: ? ?
• Transferred units ? ?
• EWIP units ? ?
? ?
Equivalent units of output
Part III. Cost Per Equivalent Unit Total Unit Cost Direct Materials Conversion Costs
Input costs in August $?$ ?
Divide by equivalent units, August ? ?
Costs per equivalent unit, Aug. $?$ ? $? Part IV. Total Cost Assignment Total Costs Direct Materials Conversion Costs Costs to account for: • Cost of beginning WIP$ ?
• Cost added during the period ?
Total cost to account for $? Costs accounted for: • Cost of goods transferred BWIP, August 1$ ? $?$ ?
To finish BWIP ? ? ?
Units started and completed ? ? ?
Total cost transferred $?$ ? $? • Add ending WIP ? ? ? Total cost accounted for$ ? $?$ ?

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