FIFO METHOD EFU

  • Creator
    Topic
  • March 4, 2017 at 4:46 pm #1504282
    Anonymous
    Inactive

    so from the CPA material the formula is

    EWIP unit x completion + unit completed and transferred out – BWIP x completion.

    However, on youtube and couple other websites I see below formulas

    EWIP unit x completion + unit completed and transferred out + BWIP x(1-completion)

    and obviously that makes a huge different.

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