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Process costing

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Process costing

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
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  • July 21, 2020 at 11:30 am #577543
    izazwali13
    Member
    • Topics: 36
    • Replies: 27
    • ☆☆

    Sir i am studying process costing and i am clear with all areas except Valuing opening work in progress: FIFO method and Valuing opening work in progress: weighted average cost method this two areas are important or not.give me advised that two areas are important for exam.Thanks!

    July 21, 2020 at 2:27 pm #577553
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    You are not asked to value the opening work-in-progress. Questions have to tell you the value of the opening WIP.

    It is closing WIP that you are likely to have to value, and this is important for the exam.

    I assume that you have watched my free lectures on process costing? The lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.

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