10026_030310_96 - = 27,750 = $1.85 10,206 = $.63 Aug....

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- Chapter 5 Process Costing -One job, one month (job from beginning to end) -Only in one department, ignore book for two departments. Yellow Handout – Process Costing Steps that must be done: 1. Physical Flow -Inputs = Outputs Beg. WIP 2000 Completed 16,000 Started 15,000 End WIP 1000 Total 17,000 17,000 2. Equivalent Units DM CC -To finish beg. WIP 0 (.7)(2000)= 1400 14,000 14,000 -To start end WIP 1000 (.8)(1000)= 800 Total 15,000 16,200 3. Unit Cost August Cost
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Unformatted text preview: = 27,750 = $1.85 10,206 = $.63 Aug. Equiv. Units 15,000 16,200 4. COGM Beg. WIP 3926 (July) To finish beg. WIP DM (0)(1.85) = 0 Total = $4808 CC (1400)(.63)= 882 Started and Completed (14000)(.63+1.85) = 34,720 COGM = $39,528 5. Cost of End WIP DM (1000)(1.85) = 1850 CC (800)(.63) = 504 Total $2354 6. Cost Flow (Inputs = Outputs) Beg. WIP 3926 COGM 39,528 DM 27,750 End WIP 2354 CC 10,206 Total $41,882 Total $41,882...
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This note was uploaded on 08/25/2010 for the course ACCT 327 taught by Professor Gillespie,j during the Spring '08 term at University of Delaware.

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10026_030310_96 - = 27,750 = $1.85 10,206 = $.63 Aug....

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