Accounting for Normal Lost Units in Process Cost System

INITIAL DEPARTMENT SUBSEQUENT DEPARTMENT

Point of Point of
Occurrence EP COST Absorbed by: Occurrence EP COST Absorbed by:
Remaining good units (net of lost units)
Beginning/Start 0 0 × Beginning/Start 0 √ pre. dept. received from pre. dept. during the period
Remaining good units (net of lost units)
During 0 0 × During 0 √ pre. dept. received from pre. dept. during the period
End √ √ FG during the period End √ √√pre. dept & current dept. FG during the period

FIFO

INITIAL DEPARTMENT SUBSEQUENT DEPARTMENT

Point of Point of
Occurrence EP COST Absorbed by: Occurrence EP COST Absorbed by:
Remaining good units (net of lost units)
Beginning/Start 0 0 × Beginning/Start 0 √ pre. dept. received from pre. dept. during the period
(excluding work in process-beg)
Remaining good units (net of lost units)
During 0 0 × During 0 √ pre. dept. received from pre. dept. during the period
(excluding work in process-beg)
End √ √ FG during the period End √ √√pre. dept & current dept. FG during the period

AVERAGE

INITIAL DEPARTMENT SUBSEQUENT DEPARTMENT

Point of Point of
Occurrence EP COST Absorbed by: Occurrence EP COST Absorbed by:
Remaining good units (net of lost units)
Beginning/Start 0 0 × Beginning/Start 0 √ pre. dept. received from pre. dept. during the period
(including work in process-beg)
Remaining good units (net of lost units)
During 0 0 × During 0 √ pre. dept. received from pre. dept. during the period
(including work in process-beg)
End √ √ FG during the period End √ √√pre. dept & current dept. FG during the period
Accounting for Normal Lost Units in Process Cost System