[jeff]

I am taking BEC May 29th. I will start studying once REG is over (tomorrow!). Hope this one isn’t too bad!

[Anonymous]

For FIFO Use this Formula – it works every time

Beginning Inv. * (100-Percentage complete)

Plus:

Units started and competed

Minus: beginning inv

Plus:End Inv. * (percentage complete)

To get the cost per EU, use only current costs and divide by the EU's you calculated.

[MPoni123]

UGH…CPA – is the answer 70,000 units? this is how i solved it based on what becker says to do for FIFO equivalent units of production:

1.) 150,000 beg x 30% (to complete) = 45,000

plus units started and completed this period 140,000

less units in beginning inventory <150,000> <10,000>

2. work in process, ending 140,000 x 25% 35,000

___________

70,000

AUD - 84; REG - 90; BEC - 79; FAR - 75; ALL DONE!!

[MPoni123]

sorry that format came out kinda screwed up. but the 45,000 – 10,000 + 35,000 = 70,000.

is that the answer the book gives you?

AUD - 84; REG - 90; BEC - 79; FAR - 75; ALL DONE!!

[UGH…CPA]

This is the answer the book gives. I'm wondering if the question is missing some information.

equivalent units are calculated as units completed (140,000) minus equivalent units in beginning inventory (7,000 = 10,000 × 70%) plus the equivalent units in ending inventory (5,000 = 20,000 × 25%). Therefore, the equivalent units are equal to 138,000 (140,000 – 7,000 + 5,000).

[financeguy]

the question never gave you ending inventory.

AUD - 81, BEC - 74, 80, FAR - 82, REG - 81
Done!

[UGH…CPA]

No. It didn't give beginning or ending. I'm think that this question is missing information but I just wanted to make sure that I'm not missing anything. I found another question in the test bank that was wrong too. I have the Wiley book and that same question was in the book so I was about to confirm the information was missing. This question is not in the book so I can't confirm if it's wrong or I'm just not understanding how to answer this question.

[Anonymous]

does anyone know if there is a curve on this exam? Is it basically like a regular MC test in college? Get 67 right, you PASS……

[NJCPA2B]

oh yea, I think there' a big “un-official curve”…..I passed with a 77 first time, thought I had failed..

BEC=77, FAR=78, REG=73,74,80, AUD=70,69, 84 DONE!

[MPoni123]

sorry ugh…cpa!! lol no wonder i have to take BEC over again. this material is just not my cup of tea. didn't understand it in college, and i sure don't understand it now!

got my new NTS in today for BEC and FAR. just waiting on my 2010 material from Becker to be shipped to me. joy. on the bright side tax season is almost over!! 🙂

AUD - 84; REG - 90; BEC - 79; FAR - 75; ALL DONE!!

[wannabee]

im taking the test tuesday for the first time, and this is my first part. im ok with the conceptual questions, but there are too many formulas i just cant memorize them all on time. are there any particular formulas i should focus on? someone said the variances are important.. but what else? i'm using becker by the way…

[LSU_BR]

BEC becker chapter 3…what the heck! I am pretty sure I have never been more lost in my life. From what I am reading, I should maybe hold that thought til chapter 5. Hopefully, repetition will help 🙁

AUD 95 (3/5/10); BEC 83 (5/28/10); FAR 71, 72, 74, 82 (10/16/10); REG 65,80(11/23/10)
ALL DONE 🙂

[hopeful_cpa]

LSU_BR: all i can say is just wait for chapter 5… lol, it makes you feel like you know nothing. i pray repetition helps because i have my exam in less than 2 weeks and 3 and 5 are killing me.

did you use becker for audit? if so, how did you feel about it? i see your score is amazing, congrats!!

BEC: Done
REG: Done
AUD: Done
FAR: Done

I'M DONE!!!!!! AAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[LSU_BR]

hopeful_cpa,

I did use becker for audit. Do the MC questions over and over. I did then 5 times. Also, do the supplementals and the final exam. I think I did those twice. Then, know the reports and how they change based on the opinion. I saw identical questions from becker on my exam. I am terrified of FAR (have retaken it twice) and now, I am getting scared of BEC :(. I take mine on May 28. Let me know what you think when you take it and when you start studying for Audit, let me know if I can help in any way. 🙂

AUD 95 (3/5/10); BEC 83 (5/28/10); FAR 71, 72, 74, 82 (10/16/10); REG 65,80(11/23/10)
ALL DONE 🙂

[needmyLIFOback]

I took BEC last week…and I didn't really feel like Becker prepared me for IT at all. I had questions on computer programming code and operating system functions….it wasn't fun at all…but other than the IT, I had at least seen something on all of the other questions….now the waiting for the score begins…

FAR-99, AUD-99, BEC-91, REG-(5/29)

[hopeful_cpa]

needmyLIFOback: how did the becker questions compare to the actual questions on the exam? more difficult on the exam or less?

I am taking BEC next friday and am kinda freaking out right now.

Awesome job on FAR and AUD!!!

BEC: Done
REG: Done
AUD: Done
FAR: Done

I'M DONE!!!!!! AAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Author]

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