Beginning WIP From Dept 1 Ending WIP Qty 1,200 units (75% incomplete) 6,000 1,000 units (50% complete) Direct Labor FOH Beginning WIP Transferred in How much is the cost of goods transferred to finished goods? Cost P80,000 48,000 12,000 36,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The debits to Work-In process for Dep# 2 for the month of March of the current year, together with the information concerning production, are presented below. All direct materials came from Dep# 1. The units completed include 1,200 in process during the beginning of the period. Dep# 2 uses WA costing

Beginning WIP
From Dept 1
Ending WIP
Qty
1,200 units (75% incomplete)
6,000
1,000 units (50% complete)
Direct Labor
FOH
Beginning WIP
Transferred in
How much is the cost of goods transferred to finished goods?
Cost
P80,000
48,000
12,000
36,000
Transcribed Image Text:Beginning WIP From Dept 1 Ending WIP Qty 1,200 units (75% incomplete) 6,000 1,000 units (50% complete) Direct Labor FOH Beginning WIP Transferred in How much is the cost of goods transferred to finished goods? Cost P80,000 48,000 12,000 36,000
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