Discussion 6 - UGBA 102B Discussion Section GSI Nipun Misra March 6 2014 Agenda Questions from lecture Mid-semester feedback Process costing Weighted

Discussion 6 - UGBA 102B Discussion Section GSI Nipun Misra...

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UGBA 102B Discussion Section GSI: Nipun Misra March 6, 2014
Agenda Questions from lecture? Mid-semester feedback Process costing Weighted average method Service department allocations Extra practice problems for chapters 4
Mid-semester feedback Feedback very positive Things going well Well prepared Clarity Use of board Ideas for improvement Less review of homework More review of concepts Additional practice problems
Weighted-Average Method Equivalent units of Production Equivalent units of Production Units transferred to next department or finished goods Units transferred to next department or finished goods Equivalent units in ending WIP inventory Equivalent units in ending WIP inventory = + Cost per equivalent unit Cost per equivalent unit Cost of beginning WIP inventory Cost of beginning WIP inventory Cost added during the period Cost added during the period = + Equivalent units of production Equivalent units of production
Weighted-Average Method Units completed or transferred out Units completed or transferred out Units in ending work in process inventory Units in ending work in process inventory = + Units in beginning work in process inventory Units in beginning work in process inventory Units started into production or transferred in Units started into production or transferred in +

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