[VrakasYi]

Is then, the OWIP the start of the process?

[VrakasYi]

Alright I think I’m starting to understand.

Please correct me if I’m wrong.

The way it was worded I thought that the whole April period is one process, but there are actually 3 processes: OWIP, start to finish and CWIP. right?

[VrakasYi]

Hello, thanks for taking the time to reply. I did watch your lectures and I have also attended classes on process costing. However, I am still very confused.

I’d be grateful if you could clear up some stuff for me:

1. I still don’t understand why is the CWIP the start of the process. Isn’t the OWIP the start of the process ?

2. Why does more than 50% complete OWIP determine that all the material has already been added?

3. Is the phrase “the remaining quarter added when the process is 50% complete.” useless to our requirement and meant to be ignored?

[VrakasYi]

This makes sense.
Thank you!

[VrakasYi]

Thanks for taking the time to reply.

I haven’t watched your videos since I was attending classes until last week.

I will watch them now, thanks

[VrakasYi]

Thank you!

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