QUESTION 45Cost AccountingChoose the answer from the choices Yolo Corporation has the following information for the current month (SEE PICTURE BELOW):All materials are added at the start of the production process. Inspection point is made duringthe process at 75% completion. What are EUP for conversion costs, using the FIFO method? *95,000 units15,000 units3,000 units4,000 units15,000 unitsUnits startedBeginning Work in Process: (30% complete)Normal spoilage (discrete)Abnormal spoilageEnding Work in Process: (75% complete)Transferred out88,000 unitsBeginning Work in Process Costs:MaterialP18,00014,000ConversionO 97,750O 100,000O 101,750O 104,500

95,000 units 15,000 units 3,000 units 4,000 units 15,000 units 88,000 units Units started Beginning Work in Process: (30% complete) Normal spoilage (discrete) Abnormal spoilage Ending Work in Process: (75% complete) Transferred out Beginning Work in Process Costs: Material P18,000 14,000 Conversion O 97,750

95,000 units 15,000 units 3,000 units 4,000 units 15,000 units 88,000 units Units started Beginning Work in Process: (30% complete) Normal spoilage (discrete) Abnormal spoilage Ending Work in Process: (75% complete) Transferred out Beginning Work in Process Costs: Material P18,000 14,000 Conversion O 97,750

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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