1) Transferred-in costs refer to costs incurred by previous departments that are carried over as product costs when items are transferred to subsequent production processes.
2) There are two methods for allocating transferred-in costs - weighted average and FIFO. The document provides an example to illustrate how to calculate transferred-in costs using each method.
3) Key considerations for transferred-in costs include ensuring prior period costs for work-in-process items at the start of the current period are included in FIFO calculations, and recognizing unit costs and units of measure may differ between departments.
1) Transferred-in costs refer to costs incurred by previous departments that are carried over as product costs when items are transferred to subsequent production processes.
2) There are two methods for allocating transferred-in costs - weighted average and FIFO. The document provides an example to illustrate how to calculate transferred-in costs using each method.
3) Key considerations for transferred-in costs include ensuring prior period costs for work-in-process items at the start of the current period are included in FIFO calculations, and recognizing unit costs and units of measure may differ between departments.
1) Transferred-in costs refer to costs incurred by previous departments that are carried over as product costs when items are transferred to subsequent production processes.
2) There are two methods for allocating transferred-in costs - weighted average and FIFO. The document provides an example to illustrate how to calculate transferred-in costs using each method.
3) Key considerations for transferred-in costs include ensuring prior period costs for work-in-process items at the start of the current period are included in FIFO calculations, and recognizing unit costs and units of measure may differ between departments.
1) Transferred-in costs refer to costs incurred by previous departments that are carried over as product costs when items are transferred to subsequent production processes.
2) There are two methods for allocating transferred-in costs - weighted average and FIFO. The document provides an example to illustrate how to calculate transferred-in costs using each method.
3) Key considerations for transferred-in costs include ensuring prior period costs for work-in-process items at the start of the current period are included in FIFO calculations, and recognizing unit costs and units of measure may differ between departments.
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Transferred-In Costs in Process Costing
Transferrred-in cost adalah kos yang ditanggung departemen sebelumnya yang
dibawa sebagai kos produk ketika berpindah ke proses berikutnya dalam siklus produksi. Contoh: Berikut ini adalah data dari testing department perusahaan X untuk bulan Juli 2014:
Work in process, beginning inventory
Degree of completion of beginning work in process Transferred in during current period Completed and transferred out during current period Work in process, ending inventory Degree of completion of ending work in process Total cost added during current period Direct materials and conversion costs Transferred in (weighted-average) Transferred in (FIFO)
Uni t 10 0
Transferred -In Cost
Direct Material s
Conversio n Costs
$100.000
$0
$40.000
100%
0%
80%
100%
0%
90%
$40.000
$50.000
16 0 18 0 80
$150.000 $135.000
a. Menggunakan Weighted-Average Method
Langkah 1 dan 2 : mengidentifikasi output berdasarkan physical unit dan menghitung output berdasarkan equivalent unit. (Step 1)
Flow of Production Work in process, beginning inventory Transferred in during current period To account for Completed and transferred out during current period Work in process, ending inventory (80x100%;80x0%;80x90%) Accounted for Equivalent units of work done to
Unit
(Step 2) Equivalent Units TransferredDirect Conversion In Costs Materials Costs
100 160 260 180 80
180
180
180
80
72
260
180
252
260
date Langkah 3,4 dan 5: Menghitung total kos, menghitung kos per equivalent unit dan menempatkan total kos pada barang jadi dan barang dalam proses akhir.
(Step 3)
(Step 4)
(Step 5)
Work in process, beginning inventory Cost added in current period Total costs to account for
Total Productio n Costs
Transferred-In Costs
Direct Materials
Conversion Costs
$140.000
$100.000
$0
$40.000
40.000
50.000
$250.000
$40.000
$90.000
$250.000
$40.000
$90.000
260
180
252
$961,54
$222,22
$357,14
$277.363
(180x$961,54)
(180x$222,22)
(180x$357,14)
102.637
(80x$961,54)
(0x$222,22)
(72x$357,14)
$380.000
$250.000
$40.000
$90.000
240.000 $380.000
Cost incurred to date
Divide by equivalent units of work done to date Cost per equivalent unit of work done to date Assignment of costs: Completed and transferred out Work in process, ending inventory Total cost to account for
150.000
Akun Work in Process-Testing:
Work in Process-Testing Beginning inventory, July 1 Transferred out 140.000 277.363 Transferred-in costs 150.000 Direct materials 40.000 Conversion costs 50.000 Ending inventory, July 31 102.637 b. Menggunakan FIFO Langkah 1 dan 2 : mengidentifikasi output berdasarkan physical unit dan menghitung output berdasarkan equivalent unit.
(Step 1)
Flow of Production Work in process, beginning inventory Transferred in during current period To account for Completed and transferred out during current period From beginning work in process (100x(100%-100%); 100x(100%-0%); 100x(100%-80%)) Started and completed (80x100%; 80x100%; 80x100%) Work in process, ending (80x100%; 80x0%; 80x90%) Accounted for Equivalent unit of work done in current period
Unit 100 160 260
(Step 2) Equivalent Units Transferr Direct ed-In Materi Conversi Costs als on Costs
100 0
100
20
80
80
80
80
72
160
180
172
80 80 160
Langkah 3,4 dan 5: Menghitung total kos, menghitung kos per equivalent unit dan menempatkan total kos pada barang jadi dan barang dalam proses akhir.
(Step 3)
Work in process, beginning
inventory Cost added in current period Total costs to account for
(Step 4)
(Step 5)
Total Producti on Costs $140.00 0 225.000 $365.00 0
Cost added in current period
Divide by equivalent units of work done in current period Cost per equivalent unit of work done in current period
Transferre d-In Costs
Direct Materials
Conversio n Costs
$100.000 135.000
$0 40.000
$40.000 50.000
$235.000
$40.000
$90.000
$135.000
$40.000
$50.000
160
180
172
$843,75
$222,22
$290,70
$100.000 (0x843,75 )
$0 (100x222, 22)
$40.000 (20x290,7 0)
Assignment of costs: Completed and transferred out Work in process, beginning Cost added to beginning work in process in current
$140.00 0 28.036
period Total from beginning inventory
168.036
Started and completed
Total costs of units completed and tranferred out
108.534
Work in process, ending
88.430 $365.00 0
Total costs accounted for
Akun Work in Process-Testing:
(80x843,7 5)
(80x222,2 2)
(80x290,7 0)
(80x843,7 5)
(0x222,22 )
(72x290,7 0)
$235.000
$40.000
$90.000
276.570
Work in Process-Testing Beginning inventory, July 1 Transferred out 140.000 276.570 Transferred-in costs 135.000 Direct materials 40.000 Conversion costs 50.000 Ending inventory, July 31 88.430 Hal yang perlu diingat mengenai kos transferred-in: 1. Pastikan untuk memasukkan transferred-in costs dari departemen sebelumnya dalam perhitungan 2. Dalam menghitung kos transferred-in menggunakan FIFO, jangan mengabaikan kos periode sebelumnya untuk unit dalam proses pada awal periode berjalan tetapi sekarang termasuk dalam unit transferred. 3. Unit kos dapat berfluktuasi. 4. Unit dapat diukur dalam satuan yang berbeda pada departemen yang berbeda.
