2010.8.21-CMAP1-补充课件李老师2.xlsVIP

quiz EUP units matrix process costing (HOCK) in-flow Cost flow of Process Costing incurred by the department transferred in from previous department Beginning WIP Ending WIP Ending finished goods inventory Cost of goods sold out-flow Direct material Only two type of cost considered Conversion cost Preface Step 1/7 Determine the Physical Flow of goods + Units transferred in Units in beginning WIP = Units in Ending WIP - Units completed * note units completed differs from units started and completed ex Ben company had 4000 units in its work-in-process(WIP) on January 1. Each unit was 50% complete in respect to conversion cost. During the first quarter, 15000 units were completed. On march 31, there were 5000 units in ending WIP that were 70% complete in respect to conversion cost. For this product, all of the direct materials are added when the unit enters the facility. How many units did Ben start during the first quarter? A. 13000 B. 15000 C. 16000 D. 16500 4000 + X = 5000 + 15000 X = 16000 (Answer = C) Step 2/7 Calculate the number of units started and completed Units Completed - Beginning WIP = Units Started and Completed during this period = Units transferred - Ending WIP for the quantity for the calculation of EUP Step 3/7 two parameters of calculation of EUP when material is added which inventory tracking method Determine when the materials are added to process (parameter 1) Usually materials are added at the beginning of the process, the end of the process, at some point in the middle, or evenly throughout. And conversion costs are added evenly throughout the process Step 4/7 Calculates the equivalent units produced (EUP) (the most critical step) We need to put both of two parameters into consideration when calculating EUP S C Ending WIP Weighted Average First-in, First-out material add at very beginning material add evenly throughout the process % completed % need to complete EUP units check out the EUP calculation matrix Step 5/7 Calculates c