PROCESS COSTING Solutions Ch. 17 Problems
PROCESS COSTING Solutions Ch. 17 Problems Pr. 17-30—Simple weighted average EUs = C&T + EI*%
Jan 17, 2016
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Solutions Ch. 17 Problems
Process CostingSolutions Ch. 17 Problems
Pr. 17-30Simple weighted average
EUs = C&T + EI*%
17-31 Journal entries (from 17-30).
17-32--FIFO
Pr. 17-32 Step 2 alternativeAlternative: (all the work) (work done last period)=(C&T + EI*% complete) (BI*% complete)DM: 22,500 +2500*100% - 5000*100% = 20,000CC: 22,500 +2500*70% - 5000*60% = 21,250
Pr. 17-32, steps 3 & 4
Note: Move ahead to next slide, where the audio can be heard related to Step 5.Pr. 17-32, Step 5
Note: Narration continues to introduce Problem 33, the next department.Pr. 17-33: Transferred-in costs
Pr. 17-33: Transferred-in costs
Pr. 17-33: Transferred-in costs
Pr. 17-34: Transferred-in costs, FIFO
Pr. 17-34: Transferred-in costs, FIFO
Pr. 17-34: Transferred-in costs, FIFO
7500*30%*$170.00 seems clearer to me
Pr. 17-41: Standard process costingStandard costing simplifies accountingDont need to calculate the unit cost (step 4)Costs assigned at standard amount; difference is variance.
Pr. 17-41: Standard process costing
Pr. 17-41: Standard process costing
Pr. 17-41: Standard process costing
End of Solutions
Related Documents
