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)
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EUs = C&T + EI*%
Alternative: (all the work) – (work done last period)
=(C&T + EI*% complete) – (BI*% complete)
DM: 22,500 +2500*100% - 5000*100% = 20,000
CC: 22,500 +2500*70% - 5000*60% = 21,250
Note: Move ahead to next slide, where the audio can be heard related to Step 5.
Note: Narration continues to introduce Problem 33, the next department.
7500*30%*$170.00 seems clearer to me
Standard costing simplifies accounting
Don’t need to calculate the unit cost (step 4)
Costs assigned at standard amount; difference is variance.