Process Costing-4 P2 FIFO 1 & 2

Managerial Accounting SFCC Fall 2007 Chapter 4 Videos

Category:

Howto & Style

Tags:

• Managerial
• Accounting
• Crosson
• SFCC

[ashwinth321]

woow , this is really helps me to clear my doubt, jazakallahu khair

[SonofBrunhilde]

This chick has brains and she's hot. Great combo.

[samerbolbol]

Oh okay! Thanks for the help a lot.

[WangXiaojun1974]

@samerbolbol

Beginning work in process was 70% complete from previous period, hence why 30% of conversion work on the beginning work in process units was required to complete those units

.

Ending work in process units are separate from the beginning work in process units. Ending work in process units are the remaining units from the starting units this period that have not been completed. In the question it states that these units are 50% complete, hence why she multiplies them by 50%.

[samerbolbol]

I don't get why she multiplies the ending CC by 50% and not by 70%? I'm so lost. Thanks in advance!

[MrKikecolombia]

Excellent !!!

Even though I am not an accountant and English is not my first language, I understood everything. I had been spending 2 days trying to understand this topic, until I found your videos.

Thanks

Jaime - Colombia

[NolaTom91]

thank you so much! really helping me with my summer accounting class!

[roannesfajardo25]

thanks madam susan!!!

it really helps a lot of students especially me!!!

thanks again!!

[mmnoor]

Thank you Susan :)

[gabuta314]

Thanks!