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 total units started in process:

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 total units started in process:

Name: 13Ibe Corporation has an EUP of 248,750 units. Beginning inventory uni
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Description: 13Ibe 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 t

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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• beginning inventory of 2,245 units is 100% complete with regard to materials and 86% complete with regard to conversion • 12,873 units were started during the period 6,402 units were completed and transferred ending inventory is 100% complete with materials and 59% complete with conversion Determine the equivalent units of ending work in process for conversion under the weighted-average method. Round to the whole unit, no decimals.
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BASE DATA: UNITS: Beginning WIP Inventory (20% complete as to CC) 5,000 Units started 20,000 Units completed and transferred out 15,000 Ending WIP Inventory (Mat 100 %, CC 50 % complete) 10,000 Costs: Beginning inventory: Materials $ 4,000 CC $ 1,000 Current period: Materials $ 16,000 CC $ 4,000 All materials are added at the beginning of the process WITH THE ABOVE DATA SOLVE THE FOLLOWING QUESTIONS REGARDING YOUR PRODUCT: What is your Product's Equivalent units (EUP) for Mat & CC using Weighted Average? Materials EUP CC EUP Record your answers here What is your…
Campbell Corporation Beginning inventory (30% complete as to Material B and 60% complete for conversion) 700 units Started this cycle 2,000 units Ending inventory (50% complete as to Material B and 80% complete for conversion) 500 units Beginning inventory costs: Material A $14,270 Material B 5,950 Conversion 5,640 Current Period costs: Material A $40,000 Material B 70,000 Conversion 98,100 Material A is added at the start of production, while Material B is added uniformly throughout the process. Refer to Campbell Corporation. Assuming a weighted average method of process costing, compute the average cost per unit for Material A.
Total physical units are 39500. Total conversion costs are $97250. There are 1200 units in ending inventory which are 50% complete as to conversion costs. What is the unit conversion cost? $4.93. $2.50. $2.39. $2.46.
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 9,800; current period conversion cost of 204,125. using fifo method, the started in process units: