chapter 18 exercises
DESCRIPTION
Process Costing. Chapter 18 Exercises. Process Costing. In-Class Exercise (Form groups and work exercise) : Exercise No. Page E18A-28 1128 Computing Equivalent Units of Production - FIFO. Process Costing – Equivalent Units. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Chapter 18 Exercises](https://reader036.vdocuments.us/reader036/viewer/2022082818/56812e37550346895d93a381/html5/thumbnails/1.jpg)
Chapter 18
Exercises
Process Costing
![Page 2: Chapter 18 Exercises](https://reader036.vdocuments.us/reader036/viewer/2022082818/56812e37550346895d93a381/html5/thumbnails/2.jpg)
• 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
![Page 3: Chapter 18 Exercises](https://reader036.vdocuments.us/reader036/viewer/2022082818/56812e37550346895d93a381/html5/thumbnails/3.jpg)
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
![Page 4: Chapter 18 Exercises](https://reader036.vdocuments.us/reader036/viewer/2022082818/56812e37550346895d93a381/html5/thumbnails/4.jpg)
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
![Page 5: Chapter 18 Exercises](https://reader036.vdocuments.us/reader036/viewer/2022082818/56812e37550346895d93a381/html5/thumbnails/5.jpg)
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
Material Equivalent UnitsMaterial Equivalent UnitsMaterial Equivalent UnitsMaterial Equivalent Units
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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
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Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
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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.
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Conversion Equivalent UnitsConversion Equivalent UnitsConversion Equivalent UnitsConversion Equivalent Units
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units
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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.
![Page 11: Chapter 18 Exercises](https://reader036.vdocuments.us/reader036/viewer/2022082818/56812e37550346895d93a381/html5/thumbnails/11.jpg)
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.
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End of ExerciseEnd of ExerciseEnd of ExerciseEnd of Exercise
Equivalent UnitsEquivalent UnitsEquivalent UnitsEquivalent Units