cost accounting chapter 17 process costing solution manual

cost accounting chapter 17 process costing solution manual ...

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CHAPTER 17 PROCESS COSTING SOLUTION EXHIBIT 17-18B Steps 3, 4, and 5: Compute Cost per Equivalent Unit, Summarize Total Costs to Account For, and Assign Total Costs to Units Completed and to Units in Ending Work in Process; Mixing Department of Vaasa Chemicals for July 2007. Total Production Costs Chemical P Chemical Q Conversion Costs ( Step 3 ) Costs added during July $455,000 $250,000 $70,000 $135,000 Divide by equivalent units of work done in current period (Solution Exhibit 17-l8A) ÷ 50,000 ÷ 35,000 ÷ 45,000 Cost per equivalent unit $ 5 $ 2 $ 3 (Step 4) Total costs to account for $455,000 (Step 5) Assignment of costs: Completed and transferred out (35,000 units) $350,000 (35,000* × $5) + (35,000* × $2) + (35,000* × $3) Work in process, ending (15,000 units) 105,000 (15,000 × $5) + (0 × $2) + (10,000 × $3) Total costs accounted for $455,000 *Equivalent units completed and transferred out from Solution Exhibit 17-18A, Step 2. Equivalent units in work in process, ending from Solution Exhibit 17-18A, Step 2.
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cost accounting chapter 17 process costing solution manual ...

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