Name: Ira Kaye B.

Padilla

Subject and Section: BSA 2A- B42

Title: Process Costing Conceptual Framework

FIFO METHOD Weighted Average Method

PROCESS
COSTING

Assumed flow No assumed flow of

manufacturing operations.
First placed in process are First
ones completed and the ones Materials
transfered out.
Materials:
Labor
If Added, Beg.- 100%

EUP: Factory OH If Added, Ending- 0%

- IP Beg.

- Started & Completed

EUP:

-Completed

Finished Dept. 2 Dept. 1

Goods

Disc. Beg. charged to:

Completed units and units in
Process

Disc.During and upon

inspection and the units in
process at the end have at
least reached the inspection
Excess of what have
point, charge to: Completed Expected been predicted
units and units in process

Disc. End. and upon inspection Charge to: Factory

and the units in process at the Normal Loss Abnormal Loss Overhead-Control
end have not yet reached the
inspection pointCharged to:
Completed units

LOSSES