Chapter 18-Study Information

Chapter 18-Study - spoilage using the FIFO method for the first department 5 You should be able to compute the 5 steps of process costing including

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Accounting 230 Chapter 18 Study Information Horngren 13 th Ed. 1. You should be able to define spoilage, rework and scrap. 2. You should be able to define the two types of spoilage, tell if it is treated as a product cost or a period cost. 3. You should be able to compute the 5 steps of process costing including normal & abnormal spoilage using the weighted average method for the first department. 4. You should be able to compute the 5 steps of process costing including normal & abnormal
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Unformatted text preview: spoilage using the FIFO method for the first department. 5. You should be able to compute the 5 steps of process costing including normal & abnormal spoilage using the weighted average method for the second or later department. 6. You should be able to compute the 5 steps of process costing including normal & abnormal spoilage using the FIFO method for the second and later department....
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This note was uploaded on 04/14/2009 for the course ACC 230 taught by Professor Jones during the Spring '08 term at Illinois State.

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