Trouble with Comprehensive Example of Process Costing

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  • July 16, 2013 at 9:31 pm #178746
    swim710
    Member

    On Page 2013 B1 (50-51), there is a comprehensive example of process costing. Did this confuse the heck out of anyone else? I thought I had a pretty good understanding of the process costing until I got to this. Specifically, when they compute the “Total units accounted for” – I can’t figure out how they got that. The equivalent units of production also seem to use a different formula that doesn’t match up with the pass key on the previous page. Can anyone help me out?

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  • July 16, 2013 at 10:22 pm #426204
    Jennifer241
    Member

    Don't have Becker, so can't help with it 🙁

    AUD - Jan 9,13 Pass
    REG - Aug 30,13 Pass
    BEC - Oct 26,13 Pass
    FAR - Dec 4,13 Pass

    Licensed CPA in the state of Oregon

    July 17, 2013 at 1:26 pm #426205
    swim710
    Member

    Dang, okay, thanks anyways.

    July 17, 2013 at 1:38 pm #426206
    Anonymous
    Inactive

    Total units to account for, I think, is (a) beginning inventory + units completed. Then accounted for are (b) units transferred out + ending inventory. (a) should equal (b). Somebody correct me if I'm wrong. This is off the top of my head.

    July 17, 2013 at 2:04 pm #426207
    Anonymous
    Inactive

    I don't have Becker either, but going off of what @840048 said, shouldn't it be units started for a and not units completed? Because not all units were completed, but they were all started.

    July 17, 2013 at 2:39 pm #426208
    Anonymous
    Inactive

    yeah that's probably right

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