Tag Archives | Equivalent Production

Equivalent Production: Valuation and Procedure | Cost Accounting

In this article we will discuss about:- 1. Meaning of Equivalent Production 2. Valuation of Work-in-Progress 3. Procedure for Accounting of Equivalent Production 4. Methods for the Valuation of Opening Work-in-Progress 5. Adjustment of Treatment of Normal Loss, Abnormal Loss and Abnormal Gain in Computation of Equivalent Production. Meaning of Equivalent Production: In a process industry, production is on a [...]

By Prakriti S|2018-03-21T06:06:50+00:00March 21, 2018|Equivalent Production|Comments Off

Equivalent Production (With Examples) | Cost Accountancy

In this article we will discuss about the Concept of Equivalent Production:- 1. Concept of Equivalent Production 2. Equivalent Units and Cost Elements. Concept of Equivalent Production: Equivalent Production represents the production of a process in terms of completed units. At the end Of any given period there are likely to be partly completed units (work-in-process). It is evident that [...]

By Pushpender Pal|2016-06-13T06:11:52+00:00June 13, 2016|Process Costing|Comments Off