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Unformatted text preview: Cost per EU Cost/ EU = Cost added this period/ EUOP Do this twice as well Cost Cost in Beginning WIP + EU to finish at beginning WIP x cost/EU +Units started and completed x cost/EU Cost of Goods Transferred Cost. Ending WIP = EU in Ending WIP x cost/ EU Do this twice Weighted Average Method EUOP Units transferred to the next department +EU in ending WIP EUOP Do twice Cost per EU =[Cost in Beginning WIP + Cost Added this period] / EUOP Do this twice Cost of Goods Transferred = Cost/ EU x No. of units transferred Cost of Ending WIP = Cost / EU x EU in ending WIP...
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This note was uploaded on 03/30/2008 for the course ORIE 350 taught by Professor Callister during the Spring '08 term at Cornell.
- Spring '08