accounting notes

accounting notes - 5.Cost of Ending WIP inventory = end WIP...

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Sheet1 Page 1 1.Conversion costs = direct labor costs + manfuacturing overhead costs 2.equivalent units of production = ending work in process + units transferred 3.units transferred = Beginning Work In Process + Units Started - Ending work in Process 4.Cost per equivalent unit = Cost of Beginning WIP + Costs added/Equilvanet units of producition
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Unformatted text preview: 5.Cost of Ending WIP inventory = end WIP Inventory x Cost per equivalent unit 6.Transfer of units by debiting the port and crediting the homebase (transfering work is work in process vs work in process) work in process vs labor/materials...
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