J-M Company uses a joint process costing $15,000 to produce three main products. The company had no beginning inventory. Its current period operation data follow: Product S R Units Produced 500 450 300 Sales Value at Split-Off $5,000 6,000 9,000 Separable Sales Value After Further Processing $7,000 9,000 10,000 Costs $500 650 700 Units Sold 400 300 250

J-M Company uses a joint process costing $15,000 to produce three main products. The company had no beginning inventory. Its current period operation data follow: Product S R Units Produced 500 450 300 Sales Value at Split-Off $5,000 6,000 9,000 Separable Sales Value After Further Processing $7,000 9,000 10,000 Costs $500 650 700 Units Sold 400 300 250

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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Bebe Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of 24,00060% complete. Conversion costs of beginning inventory of P9,800; current period conversion costs of P204,125. The company electsto use weighed average method.What is the total units started in process?A. 249,350 C. 258,350B. 235,850 D. 234,350
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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 P204,125.1. The total units started in process? 2.The unit conversion cost using weighted average method is? 3.Using FIFO method, the unit cost is? 4.The total EUP of completed and transferred units is?
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