Page 74 - F2 Slides 2017-18
P. 74
OWIP – Equivalent Units
2
AVCO FIFO
Methods
Opening WIP
Opening units are
inventory values completed first.
are added to Process costs in
current costs to the period allocated
calculate the between :
average cost per • Opening WIP units
unit • Units started and
completed in
period
• Closing WIP Units
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