• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Process Costing

Forums › ACCA Forums › ACCA MA Management Accounting Forums › Process Costing

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Kim Smith.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • March 21, 2019 at 2:09 pm #509951
    sasha
    Participant
    • Topics: 18
    • Replies: 13
    • ☆

    The following data relate to a process for last month

    Opening Inventory 200 units at 70% complete
    Completed output 2450 units
    Closing inventory 300 units at 40 % complete

    What were the equivalent units of production last month?

    I worked my answer to 2150 for total production units or is it 2210 units for total production.

    Also shouldn’t the question have identified the valuation method to be used? i.e. FIFO or WACO?

    March 23, 2019 at 9:42 am #510136
    Kim Smith
    Keymaster
    • Topics: 134
    • Replies: 8308
    • ☆☆☆☆☆

    What is the source of the Q? Surely there is an answer to refer to?
    Total EU = Completion of op + started & finished + closing (started but not finished)
    = (200 x 30%) + (2,450 – 200) + (300 x 40%) = 2,430

    The Q asked for the number of equivalent/effective units – you don’t need to know how those units will be subsequently valued.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • mrjonbain on ACCA BT Chapter 6 – Some legal obligations – Questions
  • Ken Garrett on ACCA BT Chapter 6 – Some legal obligations – Questions
  • Ken Garrett on The nature and structure of organisations – ACCA Paper BT
  • OmarAlbeity on ACCA BT Chapter 6 – Some legal obligations – Questions
  • Salimbek909 on The nature and structure of organisations – ACCA Paper BT

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in