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
	======		======		======

 

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