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Unformatted text preview: DM (20 U*20%*$1.5) DL (20 U*10%*$2.00) Current costs added this period ($382) Total to account for= cost in BI +current costs Therefore Total Cost of Goods Manufactured and Ending WIP MUST = To cost these using the Weighted Average technique, you must calculate the Weighted Average Equivalent Units WIP (in Units) WIP (in dollars) Calculation of Costs of Goods Manufactured (COGM), Ending inventory (EI), and Cost per Unit Using Weighted Average This information must always be given to you (in some form) 50% Complete for Direct Materials; 40% Complete for Labor and Mfg OH 20% Complete for Direct Materials; 10% Complete for Labor and Mfg OH Beginning Inventory Ending Inventory Total of $24...
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This note was uploaded on 11/09/2011 for the course ACCT 3337 taught by Professor Staff during the Fall '08 term at University of Houston.
- Fall '08