solutions ch. 17 problems
DESCRIPTION
Solutions Ch. 17 Problems. Process Costing. Pr. 17-30—Simple weighted average. EUs = C&T + EI *%. 17-31 Journal entries (from 17-30 ). 17-32--FIFO. Pr. 17-32 Step 2 alternative. Alternative: (all the work) – (work done last period) = ( C&T + EI *% complete) – (BI*% complete) - PowerPoint PPT PresentationTRANSCRIPT
Solutions Ch. 17 Problems
Process CostingSolutions Ch. 17 Problems
Pr. 17-30Simple weighted average
EUs = C&T + EI*%
17-31 Journal entries (from 17-30).
17-32--FIFO
Pr. 17-32 Step 2 alternativeAlternative: (all the work) (work done last period)=(C&T + EI*% complete) (BI*% complete)DM: 22,500 +2500*100% - 5000*100% = 20,000CC: 22,500 +2500*70% - 5000*60% = 21,250
Pr. 17-32, steps 3 & 4
Note: Move ahead to next slide, where the audio can be heard related to Step 5.Pr. 17-32, Step 5
Note: Narration continues to introduce Problem 33, the next department.Pr. 17-33: Transferred-in costs
Pr. 17-33: Transferred-in costs
Pr. 17-33: Transferred-in costs
Pr. 17-34: Transferred-in costs, FIFO
Pr. 17-34: Transferred-in costs, FIFO
Pr. 17-34: Transferred-in costs, FIFO
7500*30%*$170.00 seems clearer to me
Pr. 17-41: Standard process costingStandard costing simplifies accountingDont need to calculate the unit cost (step 4)Costs assigned at standard amount; difference is variance.
Pr. 17-41: Standard process costing
Pr. 17-41: Standard process costing
Pr. 17-41: Standard process costing
End of Solutions