How much should be the accumulated cost of work in process as of May 31?a. P90,000b. P100,000c. P190,000d. P220,000 For Items 7- 10. The quantity schedule based on the production of Dept B of Sumigla Mfg Co. for May2018 is as shown below:ActualIn Process, May 110,000 | 3/5doneReceived from Dept A50,000Units to be Accounted For60.000MaterialsConversion CostsEUPEUPIn Process, May 1, Finished & TransferredReceived, Finished and Transferred30,000100%100%In Process, May 313/10Units Accounted ForThe cost data are as follows:In Process, May 1Received from preceding dept (Transferred in Cost)P88,000P250,000Page | 11SAINT COLUMBAN COLLEGECARITASPagadian CityCorner V. Cerilles - Sagun Streets, San Francisco District, Pagadian CityTel Nos: 2151799 / 2151800: Fax No: 2141290COLUMBANWebsite: www.sccpag.edu.phE-mail:sccpac1957@yahoo.comFactory costs:MaterialsP252,000P120,000P80,000LaborFOHConversion costs were evenly applied throughout the process. Materials are added as follows:50% at the start, 30% at the middle and the remainder at the end.

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Description: How much should be the accumulated cost of work in process as of May 31?a. P90,000b. P100,000c. P190,000d. P220,000 For Items 7- 10. The quantity schedule based on the production of Dept B of Sumigla Mfg Co. for May2018 is as shown below:ActualIn Pro

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How much should be the accumulated cost of work in process as of May 31? a. P90,000 b. P100,000 c. P190,000 d. P220,000

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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