How much is the cost of ending work in process? IONTBO Company uses the weighted average method of process costing to account for its operations. It adds direct materials at the beginning of the process. Any loss less than 10% of the units started in production is within the tolerance level. Data for the current month are as follows: Beginning work in process (45% complete) Units started in during the month Units transferred to finished goods inventory Ending work in process (15% complete) Lost units 36,000 units 120,000 units 126,000 units 21,600 units ? units Cost of BWIP Current Cost P101,840 P110,820 P400,000 P600,000 Direct materials Conversion cost O a. 192,240 O b. 91,260 O c. 24,533 d. 0

How much is the cost of ending work in process? IONTBO Company uses the weighted average method of process costing to account for its operations. It adds direct materials at the beginning of the process. Any loss less than 10% of the units started in production is within the tolerance level. Data for the current month are as follows: Beginning work in process (45% complete) Units started in during the month Units transferred to finished goods inventory Ending work in process (15% complete) Lost units 36,000 units 120,000 units 126,000 units 21,600 units ? units Cost of BWIP Current Cost P101,840 P110,820 P400,000 P600,000 Direct materials Conversion cost O a. 192,240 O b. 91,260 O c. 24,533 d. 0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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