Beginning Work in Process Inventory (70% complete as to conversion) Started Ending Work in Process Inventory (10% complete as to conversion) 6,000 units 24,000 units 8,500 units Beginning WIP Inventory Costs: Material P23,400 50,607 Conversion Current Period Costs: Material P31,500 76,956 Conversion

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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QUESTION 60

Cost Accounting
Choose the answer from the choices

Beginning Work in Process Inventory
(70% complete as to conversion)
Started
Ending Work in Process Inventory
(10% complete as to conversion)
6,000 units
24,000 units
8,500 units
Beginning WIP Inventory Costs:
Material
P23,400
50,607
Conversion
Current Period Costs:
Material
P31,500
76,956
Conversion
Transcribed Image Text:Beginning Work in Process Inventory (70% complete as to conversion) Started Ending Work in Process Inventory (10% complete as to conversion) 6,000 units 24,000 units 8,500 units Beginning WIP Inventory Costs: Material P23,400 50,607 Conversion Current Period Costs: Material P31,500 76,956 Conversion
Assume that FIFO process costing is used. What is the cost per equivalent
unit for conversion? *
O 3.44
O 4.24
O 5.71
O 7.03
Transcribed Image Text:Assume that FIFO process costing is used. What is the cost per equivalent unit for conversion? * O 3.44 O 4.24 O 5.71 O 7.03
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