Beginning inventory (30% complete as to Material B and 60% complete for conversion) Started this cycle Ending inventory (50% complete as to Material B and 80% complete for conversion) 700 units 2,000 units 500 units Beginning inventory costs: Material A Material B P14,270 5,950 5,640 Conversion Current Period costs: Material A Material B Conversion P40,000 70,000 98,100 Material A is added at the start of production, while Material B is added uniformly throughout the process.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Assuming a weighted average method of process costing, compute the average cost per unit for Material A.

Beginning inventory (30% complete as to Material B
and 60% complete for conversion)
Started this cycle
Ending inventory (50% complete as to Material B
and 80% complete for conversion)
700 units
2,000 units
500 units
Beginning inventory costs:
Material A
P14,270
5,950
5,640
Material B
Conversion
Current Period costs:
Material A
P40,000
70,000
98,100
Material B
Conversion
Material A is added at the start of production, while Material B is added uniformly throughout the process.
Transcribed Image Text:Beginning inventory (30% complete as to Material B and 60% complete for conversion) Started this cycle Ending inventory (50% complete as to Material B and 80% complete for conversion) 700 units 2,000 units 500 units Beginning inventory costs: Material A P14,270 5,950 5,640 Material B Conversion Current Period costs: Material A P40,000 70,000 98,100 Material B Conversion Material A is added at the start of production, while Material B is added uniformly throughout the process.
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