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  • Processing Cost

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    Liquerish Heathen
    14 views4 pages
    The document outlines accounting for quantities received from and transferred to prior departments. It shows beginning quantities in process, quantities received from previous departments, and quantities to account for. It then provides a table tracking quantities by different accounting methods (WD, RFPD, etc.) including beginning quantities, amounts transferred out, ending quantities in process, and total quantities accounted for. It also includes a section on unit costs for different accounting categories and references cost of production.

    Original Description:

    computation of processing cost

    Original Title

    processing cost

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    The document outlines accounting for quantities received from and transferred to prior departments. It shows beginning quantities in process, quantities received from previous departments, and quantities to account for. It then provides a table tracking quantities by different accounting methods (WD, RFPD, etc.) including beginning quantities, amounts transferred out, ending quantities in process, and total quantities accounted for. It also includes a section on unit costs for different accounting categories and references cost of production.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    14 views4 pages

    Processing Cost

    Uploaded by

    Liquerish Heathen
    The document outlines accounting for quantities received from and transferred to prior departments. It shows beginning quantities in process, quantities received from previous departments, and quantities to account for. It then provides a table tracking quantities by different accounting methods (WD, RFPD, etc.) including beginning quantities, amounts transferred out, ending quantities in process, and total quantities accounted for. It also includes a section on unit costs for different accounting categories and references cost of production.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 4

    Accounts Quantity  

    Beg. In Process    

    Received from    
    Prior/Previous Dept
    (RFPD/Transferred In)

    To Be Account For    

    WD RFPD WD M WD CC

    Beg. In Process 100%    

    Received from 100% 100% 100%   


    Prior/Previous Dept
    (RFPD/Transferred OUT)

    Ending in Process 100%    

    Accounted For    

    Quantity Schedule FIFO Subsequent Department Or to get the EUP

    Accounts Quantity    

    Beg. In Process    

    Received from    
    Prior/Previous Dept
    (RFPD/Transferred In)

    To Be Account For    

    WD RFPD WD M WD CC

    Beg. In Process 100%    

    Received from 100% 100% 100%   


    Prior/Previous Dept
    (RFPD/Transferred OUT)

    Ending in Process 100%    

    Accounted For    

    Accounts Quantity

    Beg. In Process 5,000 4/5 4/5

    Received from 22,000


    Prior/Previous Dept.
    (RFPD/Transferred In)

    To be account For 27,000

    WD RFPD WD M WD CC

    C & T – OUT 19,000 100% 19,000 100% 19,000 100% 19,000

    Ending in Process 8,000 100% 8,000 3/4 6,000 3/4 6,000

    Accounted For 27,000 27,000 25,000 25,000


    Unit Cost

    RFPD 110,000 30,610 27,000 5.20

    M, L, & OH 30,450 25,000

    Accounts Quantity    

    Beg. In Process    

    Received from    
    Prior/Previous Dept
    (RFPD/Transferred In)

    To Be Account For    

    WD RFPD WD M WD CC

    C & T - OUT 100%    

    Received from 100% 100% 100%   


    Prior/Previous Dept
    (RFPD/Transferred
    OUT)

    Ending in Process  

    Accounted For    
    Unit Cost

    RFPD

    CC

    Cost of production

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