cost accounting chapter 17 process costing solution manual 1

cost accounting chapter 17 process costing solution manual...

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CHAPTER 17 PROCESS COSTING SOLUTION EXHIBIT 17-40C Steps 1 and 2: Summarize Output in Physical Units and Compute Output in Equivalent Units; FIFO Method of Process Costing, Drying and Packaging Department of Frito-Lay Inc. for Week 37. (Step 1) (Step 2) Equivalent Units Flow of Production Physical Units Transferred- in Costs Direct Materials Conversion Costs Work in process, beginning (given) Transferred-in during current period (given) To account for 1,250 5,000 6,250 (work done before current period) Completed and transferred out during current period: From beginning work in process § 1,250 × (100% - 100%); 1,250 × (100% - 0%); 1,250 × (100% - 80%) 1,250 0 1,250 250 Started and completed 4,000
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Unformatted text preview: × 100%; 4,000 × 100%; 4,000 × 100% 4,000 † 4,000 4,000 4,000 Work in process, ending* (given) 1,000 × 100%; 1,000 × 0%; 1,000 × 40% 1,000 1,000 400 Accounted for 6,250 Work done in current period only 5,000 5,250 4,650 § Degree of completion in this department: Transferred-in costs, 100%; direct materials, 0%; conversion costs, 80%. † 5,250 physical units completed and transferred out minus 1,250 physical units completed and transferred out from beginning work-in-process inventory. *Degree of completion in this department: transferred-in costs, 100%; direct materials, 0%; conversion costs, 40%....
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This note was uploaded on 11/15/2010 for the course BUSI BUS taught by Professor Gg during the Spring '10 term at CUNY Baruch.

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