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a method of process manufacturing in which units pass from one process to another in a sequential pattern and each unit is processed using the same series of steps
A series of operations performed on the product, such as mixing, molding, or packaging
requires 2 or more sequential processes to produce a finished good.
Calculate cost flows without WIP
Add the DM +DL + Applied OH plus the cost transferred in.
Calculate Equivalent Units of Production: No Beginning WIP
Units completed + (Units in progress x __%)
Calculate cost per equivalent unit
Manufacturing costs for the period/ Equivalent units
Cost of goods transferred out
unit cost x number of units in progress
cost of EWIP
Unit cost x ( Units in progress x __% complete)