Department GX had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of P12,500. Of the P12,500, P8,000 was for material and P4,500 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of P28,700. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was P32,450 and factory overhead was P18,710. If the weighted average cost method is used the conversion cost per unit (to the nearest cent) would be: choices P3.71 P3.23 P2.84 P2.97
Department GX had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of P12,500. Of the P12,500, P8,000 was for material and P4,500 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of P28,700. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was P32,450 and factory overhead was P18,710. If the weighted average cost method is used the conversion cost per unit (to the nearest cent) would be: choices P3.71 P3.23 P2.84 P2.97
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Department GX had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of P12,500. Of the P12,500, P8,000 was for material and P4,500 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of P28,700. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was P32,450 and factory overhead was P18,710. If the weighted average cost method is used the conversion cost per unit (to the nearest cent) would be:
choices
P3.71
P3.23
P2.84
P2.97
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