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Chapter 18 Exercises

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.

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Chapter 18 Exercises

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  1. Process Costing Chapter 18 Exercises

  2. Process Costing • In-Class Exercise (Form groups and work exercise): • Exercise No.Page E18A-28 1128 Computing Equivalent Units of Production - FIFO

  3. Process Costing – Equivalent Units Exercise E18A-28 (Part 1) (Use the format, as reflected on the next slide, to begin this exercise)

  4. Process Costing – Equivalent Units Exercise E18A-28: For Requirement 1, given the data presented, determine the percent of completion for the following: (a) Mixing Dept. - Beginning inventory (materials & conversion) (b) Mixing Dept. - Ending inventory (materials & conversion) (c) Cooking Dept. - Beginning inventory (materials & conversion) (d) Cooking Dept. - Ending inventory (materials & conversion) DepartmentMaterialsConversion (a) Mixing (Beg. Inv.) 40% 25% (b) Mixing (End. Inv.) 70% 20% (c) Cooking (Beg. Inv.) 40% 20% (d) Cooking (End. Inv.) 65% 55%

  5. Process Costing – Equivalent Units Exercise E18A-28: For Requirement 1, given the data presented, determine the percent of completion for the following: (a) Mixing Dept. - Beginning inventory (materials & conversion) (b) Mixing Dept. - Ending inventory (materials & conversion) (c) Cooking Dept. - Beginning inventory (materials & conversion) (d) Cooking Dept. - Ending inventory (materials & conversion) DepartmentMaterialsConversion (a) Mixing (Beg. Inv.) 40% 25% (b) Mixing (End. Inv.) 70% 20% (c) Cooking (Beg. Inv.) 40% 20% (d) Cooking (End. Inv.) 65% 55%

  6. Process Costing – Equivalent Units Exercise E18A-28 (Part 2) (Use the format, as reflected on the next slide, to complete this part of the exercise)

  7. Process Costing – Equivalent Units Prepare this schedule, for materials, conversion, and transfers-in, for both the Mixing & Cooking Departments.

  8. Process Costing – Equivalent Units Mixing Department

  9. Process Costing – Equivalent Units Cutting Department

  10. Process Costing – Equivalent Units Cutting Department

  11. Process Costing – Equivalent Units End of Exercise

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