Equivalent units of production based on weighted-average are: 100,000 units material, 90,000 units conversion. Beginning inventory costs are: material, Php5,000; labor, Php4,000; and overhead of Php8,000. Current costs are: material, Php45,000; labor, Php77,000; and overhead of Php118,000. The unit cost of labor: A. Php 0.50 B. Php 2.30 C. is not determinable from the data provided D. Php 0.90 E. Php 1.40

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A: Formula: Net purchases = purchases - Purchase returns

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Q: Compute conversion costs given the following data: direct materials, $396,600; direct labor,…

A: Conversion cost means the cost incurred to convert the direct material into the finished goods.…

Q: Materials Php 65,000.00 (Php 15,000.00 is indirect) Labor Php 70,000.00 (Php 18,000.00 is indirect)…

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A:

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Q: the following selected Variable costs Direct materials used Direct labor Manufacturing overhead…

A: The product costs are the costs that directly or indirectly relate to the production process. The…

Q: The company OMEGA from 1/1/ to 30/6 had the following cost data: 1/1. direct materials = 7000, 1/1.…

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Q: Compute conversion costs given the following data: direct materials, $366,300; direct labor,…

A: Conversion cost = Direct labor cost + Factory overhead cost

Q: The following is data from two months of operations: Pounds:         Shipping Expense: 350…

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Q: t was $25,000. Assume that direct labor cost is three times the direct the direct materials cost.…

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A:

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Q: lars

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.