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Leonard Nimoy & Starfleet Associates Group manufactures components for alternative energy products (solar, wind, etc.) for multiple markets and makes many products and byproducts. The production cost report provided is for Department 1. The department does the initial component processing to allow it to be added to other circuitry boards and solar/wind electrical components. Once this step occurs, all production is transferred to the Department 2 for further development operations. ALL OF DEPARTMENT 2 OUTPUT IS SENT FOR FURTHER PROCESSING IN THE DEPARTMENT 3. Please note that all cost per unit values have been formatted to 3 decimals. The following information is available for the current month, reflecting work in the Department 2. Beginning Work in Process Units Costs of Beginning Work in Process: (31% complete conversion) 814 units Material Conversion $29,975 Ending Work in Process Units Additional Production Costs: 174% complete conversion) 456 units Material $85,261 Abnormal loss Conversion $61,174 Normal spoilage (continuous) Remaining unaccounted for units 13,206 units Transferred out units (30% = finished byproduct. 70% transferred to Department for further processing To create a new unit, 92% of materials are added at the start of production. The remaining 8% is added at the very end of processing, just prior either selling the finished product or moving to another Department for final processing. Adding the final 8% generates a computerized process in the company's ERP Production System to move the products to a finished and transferred out status. This accounting process is easily accomplished since the company implemented NetSuite as a "cloud" application. of the product transferred out, 30% of the units (generic product) and costs are sold immediately with a 60% cost markup to customers with long-term logistics contracts. These transactions are handled totally by their Customer Relationship Management (CRM) and Supply Chain Management (SCM) ERP modules. The remaining 70% of transferred out product is sent to Department 3 for final processing. The following information is available for the current month, reflecting work in the Department 4 Beginning Work in Process Units Costs of Beginning Work in Process: (23% complete conversion) 402 units Material $44,972 Conversion $56,882 Ending Work in Process Units Additional Production Costs: 112 units Material $2,397,562 (71% complete -materials) (58% complete conversion) Abnormal loss 2 Conversion $4,273,936 Normal loss 14 units ? units Transferred out units 100% completo and moved to finished goods inventory Quantities Department 4 - Production Cost Report for April 2020 Physical Equivalent Units Equivalent Units Units Materials Conversion Costs Units to be accounted for Begin WIP Transferred in - Department 3 Total Units Units accounted for Transferred Out - Department 4 Normal Loss Abnormal Loss Ending WIP Total Units Materials Conversion Costs Total Costs Begin WIP Transferred In - Department 3 Additional costs for production Total Costs Equivalent Units Unit Cost SO SO SO SO SO SO 50.000 Units Materials Conversion Costs Total SO SO SO Cost Reconciliation Schedule Costs Accounted For Transferred Out - Department 4 Normal Loss Abnormal Loss Ending WIP Materials Conversion Costs Total WIP Costs Total Finished & Transferred Out WIP. Percent complete 0 SO SO so SO 100% 71% 100% 58% Department 3. Transferred In % 81% 81% 81% Department 4 - April 2020 Journal Entries WIP - Department 4 WIP - Department 3 WIP - Department 4 Raw Materials WIP - Department 4 Payroll & MO Finished Goods WIP - Department 4 Abnormal Loss WIP - Department 4 WIP - Department 4 Begin Bal Transfer in DM CC Abnormal Transfer out 0 0 0 Ending Balance Report Balance 0 Reconciled Leonard Nimoy & Starfleet Associates Group manufactures components for alternative energy products (solar, wind, etc.) for multiple markets and makes many products and byproducts. The production cost report provided is for Department 1. The department does the initial component processing to allow it to be added to other circuitry boards and solar/wind electrical components. Once this step occurs, all production is transferred to the Department 2 for further development operations. ALL OF DEPARTMENT 2 OUTPUT IS SENT FOR FURTHER PROCESSING IN THE DEPARTMENT 3. Please note that all cost per unit values have been formatted to 3 decimals. The following information is available for the current month, reflecting work in the Department 2. Beginning Work in Process Units Costs of Beginning Work in Process: (31% complete conversion) 814 units Material Conversion $29,975 Ending Work in Process Units Additional Production Costs: 174% complete conversion) 456 units Material $85,261 Abnormal loss Conversion $61,174 Normal spoilage (continuous) Remaining unaccounted for units 13,206 units Transferred out units (30% = finished byproduct. 70% transferred to Department for further processing To create a new unit, 92% of materials are added at the start of production. The remaining 8% is added at the very end of processing, just prior either selling the finished product or moving to another Department for final processing. Adding the final 8% generates a computerized process in the company's ERP Production System to move the products to a finished and transferred out status. This accounting process is easily accomplished since the company implemented NetSuite as a "cloud" application. of the product transferred out, 30% of the units (generic product) and costs are sold immediately with a 60% cost markup to customers with long-term logistics contracts. These transactions are handled totally by their Customer Relationship Management (CRM) and Supply Chain Management (SCM) ERP modules. The remaining 70% of transferred out product is sent to Department 3 for final processing. The following information is available for the current month, reflecting work in the Department 4 Beginning Work in Process Units Costs of Beginning Work in Process: (23% complete conversion) 402 units Material $44,972 Conversion $56,882 Ending Work in Process Units Additional Production Costs: 112 units Material $2,397,562 (71% complete -materials) (58% complete conversion) Abnormal loss 2 Conversion $4,273,936 Normal loss 14 units ? units Transferred out units 100% completo and moved to finished goods inventory Quantities Department 4 - Production Cost Report for April 2020 Physical Equivalent Units Equivalent Units Units Materials Conversion Costs Units to be accounted for Begin WIP Transferred in - Department 3 Total Units Units accounted for Transferred Out - Department 4 Normal Loss Abnormal Loss Ending WIP Total Units Materials Conversion Costs Total Costs Begin WIP Transferred In - Department 3 Additional costs for production Total Costs Equivalent Units Unit Cost SO SO SO SO SO SO 50.000 Units Materials Conversion Costs Total SO SO SO Cost Reconciliation Schedule Costs Accounted For Transferred Out - Department 4 Normal Loss Abnormal Loss Ending WIP Materials Conversion Costs Total WIP Costs Total Finished & Transferred Out WIP. Percent complete 0 SO SO so SO 100% 71% 100% 58% Department 3. Transferred In % 81% 81% 81% Department 4 - April 2020 Journal Entries WIP - Department 4 WIP - Department 3 WIP - Department 4 Raw Materials WIP - Department 4 Payroll & MO Finished Goods WIP - Department 4 Abnormal Loss WIP - Department 4 WIP - Department 4 Begin Bal Transfer in DM CC Abnormal Transfer out 0 0 0 Ending Balance Report Balance 0 Reconciled

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