Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Cost Accounting
1. If normal loss (start of process)
b) for 1st dept-----just exclude from equivalent units.
c) For subsequent deprt-------------
i). excluded from equivalent units. ii). Adjust unit cost of last dept.
If normal loss (ending process)
a). for 1st dept-----------
i). included in equivalent units percent of completion.
ii). Cost as percent of completion charged only to finished goods not in W.I.P(end)
b). for subsequent dept-----------
i). included in equivalent units percent of completion.
ii). Adjust unit cost of last deptrment.
iii). Transferred percent of completion to FG only not in WIP.
If abnormal loss
1st dept-------
i). included in equivalent units.
ii). Charged to FOH percent of completion.
Subsequent deptr-----------
i). included in equivalent units percent of completion………..see chapter
6….exercise 6 & 7 of matz.
ii). Adjust unit cost of last deptment.
iii). Charged to FOH on % of completion.