chapter 18 exercises
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Chapter 18
Exercises
Process Costing
• In-Class Exercise (Form groups and work exercise):
Exercise No. Page 18 - 1 Handout Equivalent Units
(Use the format, as reflected on the next chart, to begin this exercise)
• In-Class Exercise (Form groups and work exercise):
Exercise No. Page 18 - 1 Handout Equivalent Units
(Use the format, as reflected on the next chart, to begin this exercise)
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
Material Equivalent UnitsMaterial Equivalent UnitsMaterial Equivalent UnitsMaterial Equivalent Units
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
Started & FinishedStarted & Finished: Completed units………..187,500 Started units……………….201,250 : Completed units………..187,500 Started units……………….201,250 Beginning Inventory…... Beginning Inventory…... (37,500(37,500) (or) Ending inventory…………) (or) Ending inventory………… (51,250) (51,250)
Started & Finished…….. Started & Finished……..150,000150,000 Starter & Finished……….. Starter & Finished……….. 150,000150,000
Started & FinishedStarted & Finished: Completed units………..187,500 Started units……………….201,250 : Completed units………..187,500 Started units……………….201,250 Beginning Inventory…... Beginning Inventory…... (37,500(37,500) (or) Ending inventory…………) (or) Ending inventory………… (51,250) (51,250)
Started & Finished…….. Started & Finished……..150,000150,000 Starter & Finished……….. Starter & Finished……….. 150,000150,000
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
Cost Flow AssumptionCost Flow Assumption: All material is added when : All material is added when the production process begins.the production process begins.
Cost Flow AssumptionCost Flow Assumption: All material is added when : All material is added when the production process begins.the production process begins.
Conversion Equivalent UnitsConversion Equivalent UnitsConversion Equivalent UnitsConversion Equivalent Units
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
Cost Flow AssumptionCost Flow Assumption: Labor & overhead are added : Labor & overhead are added evenly through out the production process.evenly through out the production process.
Cost Flow AssumptionCost Flow Assumption: Labor & overhead are added : Labor & overhead are added evenly through out the production process.evenly through out the production process.
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
Cost Flow AssumptionCost Flow Assumption: Labor & overhead are added : Labor & overhead are added evenly through out the production process.evenly through out the production process.
Cost Flow AssumptionCost Flow Assumption: Labor & overhead are added : Labor & overhead are added evenly through out the production process.evenly through out the production process.
End of ExerciseEnd of ExerciseEnd of ExerciseEnd of Exercise
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
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