Ibe Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of 24,000 60% complete. Conversion costs of beginning inventory of P9,800; current period conversion costs of P204,125. The unit conversion cost using weighted average method is? Using FIFO method, the EUP of completed and transferred units is? Using FIFO method, the unit cost is: 0.82 0.86 0.70 NOTA

Ibe Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of 24,000 60% complete. Conversion costs of beginning inventory of P9,800; current period conversion costs of P204,125. The unit conversion cost using weighted average method is? Using FIFO method, the EUP of completed and transferred units is? Using FIFO method, the unit cost is: 0.82 0.86 0.70 NOTA

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 5EB: Using the weighted-average method, compute the equivalent units of production if the beginning...

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Question

The unit conversion cost using weighted average method is?

Using FIFO method, the EUP of completed and transferred units is?

Using FIFO method, the unit cost is:

0.82
0.86
0.70
NOTA

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