Fifth edition Alnoor Bhimani Charles T. Horngren Srikant M. Datar Madhav V. Rajan Farah Ahamed

Transferred-in costs, FIFO method

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solutions-manual-to-bhimani-et-al-management-and-cost-accounting-pearson-2012-1

4.18
Transferred-in costs, FIFO method.
(35–40 min)
1
The calculations for equivalent tonnes of solvent completed and closing work in progress for each cost element are exactly as in requirement 1 of 4.17 shown in Solution Exhibit Ab
Solution Exhibit A presents calculations of equivalent unit costs under the FIFO method.
3
Solution Exhibit B presents a summary of total costs to account for and assigns these costs to tonnes completed and to tonnes in closing work in progress using the FIFO method.

Bhimani, Horngren, Datar and Rajan, Management and Cost Accounting, 5
th
Edition, Instructor’s Manual
© Pearson Education Limited 2012
Solution Exhibit Ab Step 3: Calculate equivalent unit costs under the FIFO method, Cooking Department of
Telemark-Kjemi for June 2010.

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